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What is the amount and character to recognize

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Question - Taxpayer purchases 100 shares of XYZ Corp on February 1, 20x1 for $100.

Taxpayer sells short 100 shares of XYZ Corp on June 1, 20x1 for $110.

Taxpayer closes the short position on July 1, 20x1, buying 100 shares of XYZ Corp for $90.

Taxpayer sells the original position on February 2, 20x2 for $120.

What is the amount and character to recognize in 20x2?

Reference no: EM132593996

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