If a stock was purchased for $5,000 in January 2015 and is 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 less than a year (from January to December 2015) and sold for less than the purchase price, resulting in a short-term capital loss of $2,000.

If a Stock Was Purchased for $5,000 in January 2015