Question: Exercise 18-25 (Algorithmic) (LO. 6) Several years ago, Minjun, who is single, acquired 1244 stock in Blue Corporation at a cost of $206,000. He sells

Exercise 18-25 (Algorithmic) (LO. 6)

Several years ago, Minjun, who is single, acquired 1244 stock in Blue Corporation at a cost of $206,000. He sells the Blue stock for $20,600 in the current year.

Determine the amount and nature of Minjun's gain or loss recognized this year.

Minjun's sale of Blue Corporation stock produces a total loss of $185400 fill in the blank 1 of which $ fill in the blank 2 is treated as a capital loss.

Please help with the second half of this question. I'm not understanding it at all

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