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Kevin Bought 280 Shares of Intel Stock on January 1

Question 90

Multiple Choice

Kevin bought 280 shares of Intel stock on January 1, 2020, for $82 per share, with a brokerage fee of $180. Then, Kevin sells all 280 shares for $91 per share on December 12, 2020. The brokerage fee on the sale was $230. What is the amount of the gain/loss Kevin must report on his 2020 tax return?


A) $1,700.
B) $2,110.
C) $2,520.
D) $2,930.
E) None of the choices are correct.

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