Solved

If a Stock Was Purchased for $5,000 in January 2010

Question 42

Multiple Choice

If a stock was purchased for $5,000 in January 2010 and is sold in December 2010 for $3,000,a ________ of $2,000 results.

A) long-term capital gain
B) short-term capital gain
C) long-term capital loss
D) short-term capital loss

Related Questions

Q8: Which of the following statements is not

Q31: A branch of the U.S. Treasury Department,

Q35: All of the following are types of

Q36: The knowledge of tax laws can help

Q38: Which of the following can be deducted

Q42: Interest expense paid on home loans and

Q45: A long-term capital gain results from profit

Q46: If a stock was purchased in January

Q47: Melanie,a homeowner,has mortgage interest of $3,000,real estate

Q104: Gross income and adjusted gross income can