Question: QUESTION 34 2 points saved On August 5, last year, Joan, a single individual, calendar year taxpayer, purchased stock in Green Corporation (the stock is
QUESTION 34 2 points saved On August 5, last year, Joan, a single individual, calendar year taxpayer, purchased stock in Green Corporation (the stock is small business stock) for $70,000. On May 1, this year, the stock became worthless. How should Joan treat the loss? o a $70,000 ordinary loss. o b $50,000 ordinary loss and $20,000 short-term capital loss o c. d. $70,000 short-term capital loss $70,000 long-term capital loss. o ee None of the shi
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