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Kevin Bought 200 Shares of Intel Stock on January 1

Question 70

Multiple Choice

Kevin bought 200 shares of Intel stock on January 1, 2020, for $50 per share, with a brokerage fee of $100. Then, Kevin sells all 200 shares for $75 per share on December 12, 2020. The brokerage fee on the sale was $150. What is the amount of the gain/loss Kevin must report on his 2020 tax return?


A) $4,500.
B) $4,750.
C) $5,000.
D) $5,250.
E) None of the choices are correct.

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