his year, Jack O$.$ Lantern incurred a $$63,750$ loss on the worthlessness of his stock in the Creepy Corporation $($CC$).$ The stock, which Jack purchased in $2005,$ met all of the $1244$ stock requirements at the time of issue. In December of this year, Jack's wife, Jill, also incurred a $$84,200$ loss on the sale of Eerie Corporation $($EC$)$ stock that she purchased in July $2005.$ Jill's purchase also satisfied all of the $1244$ stock requirements at the time of issue. Both corporations are operating companies. Assume that they file a joint return.

a$.$ Assuming they have no other property transactions, what is the maximum loss that Jack and Jill can deduct this year from the two stock sales?