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How should Papaya report this item on her tax return

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Question - On February 1, 2020, Papaya, a single individual, purchased §1244 stock in Raspberry Corporation for $90,000. On August 15, 2020, Papaya was notified that the stock was worthless. How should Papaya report this item on her 2020 tax return?

a. $90,000 ordinary loss

b. $90,000 capital loss

c. $50,000 capital loss and $40,000 ordinary loss

d. $50,000 ordinary loss and $40,000 capital loss

Reference no: EM133038849

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