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What is the character of gain or loss on the short sale

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Problem 1: On June 19, Year 1, an individual executed a short sale of 100 shares of stock at $10 per share. On June 19, Year 2, the individual covered and delivered the 100 shares at $8 per share. What is the character of gain or loss on the short sale?

A. $200 long-term capital gain.

B. $200 long-term capital loss.

C. $200 short-term capital gain.

D. $200 short-term capital loss.

Reference no: EM132828080

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