Mr Forest, a Single Taxpayer, Recognized a $252,000 Loss on the Sale

question 103

Multiple Choice

Mr. Forest, a single taxpayer, recognized a $252,000 loss on the sale of Section 1244 stock. What is the character of this loss?

• A) $50,000 ordinary and $202,000 capital
• B) $100,000 ordinary and $152,000 capital
• C) $252,000 capital
• D) $252,000 ordinary

---

Definitions:

Groupmind

A concept describing the collective consciousness or shared intelligence of a group, often leading to unified decision-making.

Collective Movements

Organized group actions aimed at achieving a common goal, often related to social, political, or environmental change.

Riots

Violent disturbances by a large group of people, often expressing dissent against perceived injustices or government policies.

Social Movements

Organized collective efforts aiming at promoting or resisting social change.