Question: Question 7 2 pts David, a single taxpayer has a $87,000 of gross income for 2020. David won a lottery prize in 2019 and on

Question 7 2 pts David, a single taxpayer has a $87,000

Question 7 2 pts David, a single taxpayer has a $87,000 of gross income for 2020. David won a lottery prize in 2019 and on the advice of his girlfriend he decided to invest in corporate bonds and stocks. He purchased a corporate bond at its face amount of $17,000 on 4/1/2020. The bond pays 6% interest each 3/31. On 8/31/2020, David sold the bond for $20,000. How much capital gain(loss) should David recognize in 2020? O $2.575 O $2.500 ooo O $3,000 O $3,425

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