John purchased stock on 7/11/21 for $1,000. He sells the stock for $4,000 on 12/30/21. What is his gain on this transact
Posted: Mon Apr 25, 2022 8:40 am
John purchased stock on 7/11/21 for $1,000. He sells the stock
for $4,000 on 12/30/21. What is his gain on this transaction?
$3,000 1231 Gain
$3,000 Ordinary Gain
$3,000 Short Term Capital Gain
$3,000 Long Term Capital Gain
for $4,000 on 12/30/21. What is his gain on this transaction?
$3,000 1231 Gain
$3,000 Ordinary Gain
$3,000 Short Term Capital Gain
$3,000 Long Term Capital Gain