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

Question

Quizplus · Accepted Answer

The stock was held for more than a year (from January 2014 to December 2015), and it was sold for more than the purchase price, resulting in a long-term capital gain of $2,000.

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