Question
Question Content Area Sol purchased land as an investment on January 12, 2019, for $85,000. On January 31, 2022, Sol sold the land for $90,000
Question Content Area
Sol purchased land as an investment on January 12, 2019, for $85,000. On January 31, 2022, Sol sold the land for $90,000 cash. What is the nature of the gain or loss?
a. Short-term capital gain
b. Long-term capital loss
c. Long-term capital gain
d. Short-term capital loss
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Financial Auditing With Information Technology Meeting The Challenge Of Cloud Computing Unstructured Data And Intangible Assets
Authors: J. Christopher Westland
1st Edition
149044873X, 978-1490448732
