Tina Is Single and One of the Founding Shareholders of Exacta

question 47

Multiple Choice

Tina is single and one of the founding shareholders of Exacta Corporation.She acquired her Exacta Section 1244 stock four years ago for $123,000.During the current year, Tina sold all of her Exacta stock to an unrelated party for $40,000.Tina had no other capital gains or losses during the year.What is the maximum amount of loss Tina can deduct in the current year for the Exacta stock?

• A)$83,000
• B)$53,000
• C)$50,000
• D)$3,000

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Definitions:

Distended by Urine

Describes a condition where a bladder or other area is stretched or swollen due to the accumulation of urine.

Nosocomial Infection

An infection acquired in a hospital or healthcare facility that was not present or incubating at the time of admission.

Indwelling Urinary Catheter

A tube inserted into the bladder to allow continuous urine drainage, used for patients who cannot void naturally.

Difficulty Voiding

Describes a condition where an individual experiences trouble starting or maintaining urine flow.