Kevin bought 200 shares of Intel stock on January 1,2017 for $50 per share with a brokerage fee of $100.Then,Kevin sells all 200 shares for $75 per share on December 12,2017.The brokerage fee on the sale was $150.What is the amount of the gain/loss Kevin must report on his 2017 tax return?
A) $4,500
B) $4,750
C) $5,000
D) $5,250
E) None of the choices are correct.
Correct Answer:
Verified
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