Business, 29.11.2019 02:31 longoriafaithe09
An investor sells short 100 shares of abc common stock at 50 on june 5th. on december 10th of the same year, the investor buys 100 shares of abc common stock at 40 and delivers the stock to cover the short sale. the federal income tax treatment of this transaction is:
(a) a long-term capital gain
(b) a short-term capital gain
(c) a long-term capital loss
(d) a short-term capital loss
Answers: 1
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An investor sells short 100 shares of abc common stock at 50 on june 5th. on december 10th of the sa...
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