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Rosie purchased for $9,250 a $10,000 bond when it was issued 2 years ago. Rosie amortized $250 of the original issue discount and then sold
Rosie purchased for $9,250 a $10,000 bond when it was issued 2 years ago. Rosie amortized $250 of the original issue discount and then sold the bond for $9,750. Which of the following statements is correct?
Rosie has $500 of long-term capital gain. Rosie has $250 of long-term capital gain. Rosie has $250 of long-term capital loss. Rosie has $500 long-term capital loss. None of the above
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