Problem 8-2 (Algorithmic) What is a Capital Asset?, Holding
Period, and Calculation of Gain or Loss, Net Capital Gains (LO 8.1,
8.2, 8.3) During 2017, Tom sold Sears stock for $17,800. The stock
was purchased 4 years ago for $24,920. Tom also sold Ford Motor
Company bonds for $62,300. The bonds were purchased 2 months ago
for $52,955. Home Depot stock, purchased 2 years ago for $1,780,
was sold by Tom for $2,670.