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On October 1, 2021, Sara purchased 80 shares of JEP stock for $2,000. On September...

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Accounting

On October 1, 2021, Sara purchased 80 shares of JEP stock for $2,000. On September 30, 2022, she sold the 80 shares for $1,500. What is Sara's gain or loss?

  1. A long-term gain of $500.
  2. A long-term loss of $500.
  3. A short-term gain of $500.
  4. A short-term loss of $500.

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