You bought 1,000 shares of Tund Corp. stock for $77.25 per share and sold it for $75.00 per share within the same year. How will your gain or loss be treated when you file your taxes

Capital Loss

Deducted as loss on the tax return

Explanation:

Capital Loss refers to losses that occur when you make and investment into something and then sell it at a later time for a lower price than at what was originally purchased. For example:

the 1,000 shares were originally purchased at $77.25 per share and then sold for $75.

The capital loss incurred is [($77.25 - $75) x 1000)] = $2250.

If the tax payer's capital losses are greater than the capital gains, the difference of the two amounts will be deducted as a loss on the tax return since it is an investment property. This cannot be done for those held for personal use.

answer; (a) searching for information can be done quickly;