On January 18,2012,Martha Purchased 200 Shares of Blue Corporation Stock

Essay

On January 18,2012,Martha purchased 200 shares of Blue Corporation stock for $2,000.On November 11,2013,she sold short 200 shares of Blue Corporation stock which she borrowed from her broker for $2,300.On February 10,2014,Martha closed the short sale by delivering the 200 shares of Blue Corporation stock which she had acquired in 2012.On that date,Blue Corporation stock had a market price of $4 per share.What is Martha's recognized gain or loss and its character in 2013? In 2014?