Prtoblem related to single taxpayer

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Anil, a single taxpayer, acquired 100 shares of Section 1244 stock in 2003 for $200,000. In 2010, Anil sold all of the shares to William for $50,000. How should Anil treat the loss?

a. As a $75,000 ordinary loss and a $75,000 capital loss

b. As a $50,000 ordinary loss and a $100,000 capital loss

c. As a $150,000 capital loss

d. As a $150,000 ordinary loss

Reference no: EM13127071

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