If a Stock Was Purchased in January 2009 for $1,000

question 46

Multiple Choice

If a stock was purchased in January 2009 for $1,000 and 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

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