In 2018, Becky bought $5,000 worth of stock in Jet-electro, Inc. On June 30, 2022, Jet-electro declared bankruptcy and Shelly's stock became worthless. Assuming Becky has $100,000 in wage income and no other gains or losses in 2022, how much can Becky deduct as a capital loss on her 2022 taxes?

Answer rating: 100% (QA)

In this scenario Becky experienced a capital loss when her stock in Jetelectro Inc became worthless ... View the full answer