Internal Revenue Service United States Department of the Treasury
Level Basic Advanced Military International

Income — Capital Gain or Loss Workout

Skills Workout

Certification Warm Up: Question 2 of 7

In 2013, Zack bought 100 shares of Atoka Corporation stock for $3,000.

In 2014, he bought another 100 shares of Atoka for $3,300.

In 2024, Zack sold 100 shares of Atoka for $4,000. He did not identify the specific block at the time of sale.

The result of Zack's sale of Atoka stock is a long-term _____.

A Loss of $2,300
B Gain of $700
C Gain of $1,000