Youve always loved ABC Corp. and its wonderful products and have happily owned its stock for several years. In fact, whenever you could you added to your holdings in ABC, as follows:

• 11/2016 100 shares at $18 per share (initial purchase)
• 04/2017 100 shares at $22 per share
• 12/2017 100 shares at $24 per share
• 06/2018 100 shares at $25 per share
• 12/2019 100 shares at $29 per share

Now, in November 2020, you need cash for a down payment on a new house. So today you sold 250 shares at $35 per share. But, distracted by the fact that you are about own a wonderful new hacienda, you completely forgot to instruct your broker as to exactly which of your 500 shares you wanted to sell.

What is the amount and character of your gain on todays sale?