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Laura Purchased for $1,610 a $2,000 Bond When It Was

Question 59

Multiple Choice

Laura purchased for $1,610 a $2,000 bond when it was issued two years ago.Laura amortized $200 of the original issue discount and then sold the bond for $1,800.Which of the following statements is correct?


A) Laura has $10 of long-term capital loss.
B) Laura has $190 of long-term capital gain.
C) Laura has no capital gain or loss.
D) Laura has $190 of long-term capital loss.
E) None of the above.

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