Question: On May 1 0 , 2 0 2 0 , Taio purchased land as an investment for $ 9 0 , 0 0 0 .

On May 10,2020, Taio purchased land as an investment for $90,000. He sold it on November 8,2023, for $95,000. What is the nature of the gain or loss?
a. Long-term capital loss
b. Long-term capital gain
c. Short-term capital gain
d. Short-term capital loss

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