Ginger Sold Stock That She Had Purchased Five Years Ago

Multiple Choice

Ginger sold stock that she had purchased five years ago for $15,000 to her brother, Carl, for $12,000.The next month, Carl sold the stock for $11,000.What is the amount and type of gain or loss included in Carl's income from this sale?

A) $1,000 short-term capital loss
B) $1,000 long-term capital loss
C) $4,000 short-term capital loss
D) $4,000 long-term capital loss