Ginger sold stock that she had purchased five years ago for $15,000 to her brother,Carl,for $12,000.Next month,Carl sold the stock for $11,000.What is the amount and type of gain or loss included in Carl's income from this sale?
A) 0
B) $1,000 short-term capital loss
C) $ 1,000 long-term capital loss
D) $4,000 short-term capital loss
E) $4,000 long-term capital loss
Correct Answer:
Verified
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