A single taxpayer purchases stock directly from a local small business in 2015. At the time the
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Question:
A single taxpayer purchases stock directly from a local small business in 2015. At the time the business had less than a million in captial. In 2023 you decide to sell the stock to another investor generating a $2,000 loss. This is your only stock sale for the year. How does this loss affect your 2023 taxes?
$0, loss is not deductible
$2,000 ordinary loss
$,2,000 long-term capital loss
$2,000 short-term capital loss
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
Posted Date: