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Sol purchased land as an investment on February 12, 2014 for $85,000. On January 31, 2015, Sol sold the land for $90,000 cash. What is
Sol purchased land as an investment on February 12, 2014 for $85,000. On January 31, 2015, Sol sold the land for $90,000 cash. What is the nature of the gain or loss? a. Long-term capital loss b. Long-term capital gain c. Short-term capital gain d. Short-term capital loss e. None of the above
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