On January 18,2014,Martha purchased 200 shares of Blue Corporation stock for $2,000.On November 11,2015,she sold short 200 shares of Blue Corporation stock which she borrowed from her broker for $2,300.On February 10,2016,Martha closed the short sale by delivering the 200 shares of Blue Corporation stock which she had acquired in 2014.On that date,Blue Corporation stock had a market price of $4 per share.What is Martha's recognized gain or loss and its character in 2015? In 2016?

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The Answer of On January 18,2014,Martha purchased 200 shares of Blue Corporation stock for $2,000.On November 11,2015,she sold short 200 shares of Blue Corporation stock which she borrowed from her broker for $2,300.On February 10,2016,Martha closed the short sale by delivering the 200 shares of Blue Corporation stock which she had acquired in 2014.On that date,Blue Corporation stock had a market price of $4 per share.What is Martha's recognized gain or loss and its character in 2015? In 2016?

On January 18,2014,Martha Purchased 200 Shares of Blue Corporation Stock