What is the nature of the gain or loss

Reference no: EM133611588

Question: Angel purchased property as an investment on May 11, 2021, for $63,000. On April 26, 2022, Angel sold the land for $97,000 cash. What is the nature of the gain or loss? a. Long-term capital loss b. Short-term capital gain c. Short-term capital loss d. Long-term capital gain

Reference no: EM133611588

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