Answer:
gain will treat as capital gain at long term tax rate
Explanation:
given data
bought shares = 1,000
stock for = $60.59 per share
sold = $82.35 per share
solution
as gain from sale of stocks is held for an investment purpose and it is treated as capital gain
when stock is here held for more than year
so gain is taxed as long term capital gain
and when gain is less than year than gain taxed short term capital gain
but here we have given stock for more than year
so here gain will treat as capital gain at long term tax rate
