Which of the following securities transactions would result in a long term capital gain?
I Purchase 100 shares of ABC stock at $50 on January 2, 2018; Sell 100 shares of ABC stock at $60 on July 2, 2018
II Purchase 100 shares of ABC stock at $50 on January 2, 2018; Sell 100 shares of XYZ stock at $60 on July 2, 2018
III Purchase 100 shares of ABC stock at $50 on January 2, 2018; Sell 100 shares of ABC stock at $60 on January 3, 2019
IV Purchase 100 shares of ABC stock at $50 on January 2, 2018; Sell 100 shares of XYZ stock at $60 on January 2, 2019
Answer: III only