Multiple choice: Sarah had a $30,000 loss on section 1244 stock, a $15,000 loss on sale of a personal use automobile and a $8,000 loss on stock that is not classified as 1244. Without regard to net capital loss limitations, Sarah should recognize a ordinary loss of $38,000. a capital loss of $53,000. an ordinary loss of $30,000 and a capital loss of $8,000. an ordinary loss of $30,000 and a capital loss of $23,000