If a Stock Was Purchased in January 2014 for $1,000

question 49

Multiple Choice

If a stock was purchased in January 2014 for $1,000 and sold in December 2015 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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