Business

27 May, 23:20

On march 1, year 1, roland doe bought 200 shares of gummit stock at $40 per share. on april 1, year 2, roland sold short (sold without delivering) 100 shares of gummit stock for $50 per share. on december 1, year 2, roland bought 100 shares of gummit stock for $60 per share and closed the short sale by delivering this stock. what is the tax result to roland doe?

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