Sadie sold 11 shares of stock to her brother, George, for $600 16 months ago. Sadie had purchased the stock for $800 two years earlier. If George sells the stock for $1,000, what are the amount and character of his recognized gain or loss in the current year

$200 long term capital gain

Explanation:

The computation of the amount and character of his recognized gain or loss in the current year is shown below:-

The amount and character of his recognized gain or loss in the current year

= Sold stock - Purchase stock

= $1,000 - $800

= $200 long term capital gain

Therefore we have applied the above formula.

Since it the time period is above 12 months so it would be treated as a long term gain

(a) when insurance is obtained through a reciprocal insurer, the insureds are sharing the risk of loss with other subscribers of that reciprocal.

i really hope this answer you out! it makes my day people like you and giving back to the community that has me through school! if you could do me a favor, if this you and this is the very best answer and you understand that all of my answers are legit and top notch. mark as brainliest! and have a awesome day!

they can see what that city is producing and to also see if they can some how get that product. like gold in africa.