Josie's "Stocks question on ST and LT capital gains"

[Tax Pro]

Gred bought ten shares of stock on October 1, 2010. He sold the stock for a $20 loss in 2011. Gred has a long-term capital loss if he sold the stock:

A. On April 18, 2010.

B. On October 1, 2010.

C. On October 2, 2010.

D. On January 15, 2010.

[Reference: The Weasley twins - Gred and Forge; I could have used "Flintstone" in lieu of "Gred"]

As Ida advised us, we should take the position that the WBT editors meant "2011" on the suggested answers.

I agree with her because the purpose of the question is to check if we understand the difference between long-term and short-term capital gains.

Please do not let errors like this discourage you from taking the "EA Exam Prep WBT Part 1 (2012)."