Sonya, who is single, owns 20,000 shares of Malthouse Corporation stock. She acquired the stock in 2018 for $75,000. On August 12, 2021, Sonya’s father tells her of a rumor that Malthouse will file for bankruptcy within the next week. The next day, Sonya sells all her shares of Malthouse for $20,000.

a. How much of the loss can she deduct?

b. Assume the same facts, except that the stock is qualifying small-business stock. How much of the loss can she deduct?

c. Assume the same facts, except that the stock is qualifying small-business stock. How much of the loss can she deduct?