What is gain or loss for john on the sale of his intel stock

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Problem

John bought 1,250 shares of Intel stock (Nasdaq: INTC) on October 18, 2020, for $35 per share plus a $750 commission he paid to his broker. On December 12, 2024, he sells the shares for $50.00 per share. He also incurs a $1,000 fee for this transaction.

1) What is the gain or loss for John on the sale of his Intel stock? Get the instant assignment help.
2) What is the character of the gain or loss?

Reference no: EM133910914

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