Cliff owned investment stock purchased three years ago for $16,000 and bonds purchased six months ago for $9,800.When he needed money recently, he sold the stock for $13,800 and the bonds for $10,100.What is the amount and type of net gain or loss that Cliff will include in computing his taxable income?
A)$2,200 long-term capital loss
B)$1,900 long-term capital gain
C)$1,900 long-term capital loss
D)$300 short-term capital gain

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The Answer of Cliff owned investment stock purchased three years ago for $16,000 and bonds purchased six months ago for $9,800.When he needed money recently, he sold the stock for $13,800 and the bonds for $10,100.What is the amount and type of net gain or loss that Cliff will include in computing his taxable income?
A)$2,200 long-term capital loss
B)$1,900 long-term capital gain
C)$1,900 long-term capital loss
D)$300 short-term capital gain

Cliff Owned Investment Stock Purchased Three Years Ago for $16,000