Question: Year is 2 0 2 4 John owns Section 1 2 4 4 that has an adjusted basis of $ 5 7 0 , 0

Year is

2024

John owns Section

1244

that has an adjusted basis of $

570, 000

and a current FMV of $

310, 000 .

Even though the stock has a built

-

in loss, he would like to sell the stock as quickly as possible given his liquidity issues. However, John is also interested in maximizing his ordinary loss deduction from selling the stock. What options would you recommend for John?

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