During 2015, Anne sold several shares of stock held for investment. The followin

Question

During 2015, Anne sold several shares of stock held for investment. The following is a summary of her capital transactions for the year. What is the amount of Anne’s net capital gain or loss for the year and what is the character of the gain or loss?

Acquired

Sold

Selling Price

Cost

2/15/15

7/15/15

$2,100

$1,400

6/25/13

8/2/15

3,500

2,300

9/25/15

12/15/15

800

1,000

12/28/12

6/15/15

600

900

(Points : 5)        $0
       Long term capital loss $1,100
       Long term capital loss $1,400
       Long term capital loss $3,000
       Short term capital loss $500 and long term capital loss $900
       Short term capital gain $500 and long term capital gain $900
       Long term capital gain $1,100
       Long term capital gain $1,400

Acquired

Sold

Selling Price

Cost

2/15/15

7/15/15

$2,100

$1,400

6/25/13

8/2/15

3,500

2,300

9/25/15

12/15/15

800

1,000

12/28/12

6/15/15

600

900

Explanation / Answer

If the securitie) are are held for more than 1 year than it is long term else short term. So we will have long term capital gain or loss and short term capital gain and loss.

Ans

Short Term capital gain $500 and long term capital Gain 900

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