Tonya purchased 500 shares of Home Depot, Inc common stock on December 13, 2014, at a cost of $3,600 . She paid a commission of $150 on the purchase. On February 18, 2016, she received 250 shares of Home Depot, Inc common stock as a tax-free dividend. Tonya sells 600 shares for $3,700 on January 8, 2017, and pays a $100 commission on the sale. Tonya's gain (loss) on the sale is characterized as:
a. Long-term capital gain of $600.
b. Long-term capital gain of $500; short-term capital gain of $100.
c. Long-term capital loss of $50.
d. Short-term capital gain of $600.
a
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