Question: Barbara sold two assets during year 5. How much and what kind of gain or loss does she have from each sale? a. On February

Barbara sold two assets during year 5. How much and what kind of gain or loss does she have from each sale?
a. On February 25 of year 5, she sold 200 shares of XYZ stock for $19,000. She bought that stock for $16,000 on February 23 of year 4.
b. On July 20 of year 5, she sold an antique automobile for $30,000. She purchased the automobile for $31,000 on July 21 of year 4.

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