Question: During 2014 Tom sold Sears stock for 10 000 The stock
During 2014, Tom sold Sears stock for $10,000. The stock was purchased 4 years ago for $13,000. Tom also sold Ford Motor Company bonds for $35,000. The bonds were purchased 2 months ago for $30,000. Home Depot stock, purchased 2 years ago for$1,000, was sold by Tom for $1,500. Calculate Tom’s net gain or loss, and indicate the nature of the gain or loss.
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