Question: please can i get help with this question for my tax accounting class? On January 10, 2020, Kyle purchased stock in Orange Corporation (the stock

please can i get help with this question for my tax accounting class?
please can i get help with this question for my tax accounting

On January 10, 2020, Kyle purchased stock in Orange Corporation (the stock is $ 1244 small business stock) for $140,000. On October 15, 2021, Kyle sold the stock for $20,000. How should Kyle treat the loss on the sale of the stock if he is single? $20,000 long-term capital loss: $100,000 ordinary loss. $50,000 ordinary loss and $70,000 long-term capital loss. $120,000 ordinary loss. $120,000 long-term capital loss

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