Multiple Choice
Lana purchased for $1,410 a $2,000 bond when it was issued two years ago.Lana amortized $200 of the original issue discount and then sold the bond for $1,800.Which of the following statements is correct?
A) Lana has $10 of long-term capital loss.
B) Lana has $190 of long-term capital gain.
C) Lana has no capital gain or loss.
D) Lana has $190 of long-term capital loss.
E) None of these.
Correct Answer:

Verified
Correct Answer:
Verified
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