Question: On September 1 9 , 2 0 2 3 , an investor purchases 5 , 0 0 0 shares of Zapata Corporation for $ 5

On September 19,2023, an investor purchases 5,000 shares of Zapata Corporation for
$5,000. On March 31,2024, the stock becomes worthless. What is the deductible gain
or loss in 2023 and how is it classified?
a. $3,000 STCL
b. $5,000 STCL
c. $3,000 LTCL
d. $5,000 LTCL

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