Stacy,who Is Married and Sole Shareholder of ABC Corporation,sold All

question 40

Multiple Choice

Stacy,who is married and sole shareholder of ABC Corporation,sold all of her stock in the corporation for $100,000.Stacy had organized the corporation in 2009 by contributing $225,000 and receiving all of the capital stock of the corporation.ABC Corporation is a domestic corporation engaged in the manufacturing of ski boots.The stock in ABC Corporation qualified as Sec.1244 stock.The sale results in a(n)

• A)ordinary loss of $125,000.
• B)long-term capital loss of $125,000.
• C)long-term capital loss of $100,000 and ordinary loss of $25,000.
• D)ordinary loss of $100,000 and long-term capital loss of $25,000.

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A settled way of thinking or feeling about someone or something, typically reflected in a person's behavior.

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Individuals who do not follow a restrictive food regimen for the purpose of losing weight.

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People who regulate or restrict their food intake in order to lose weight or for health reasons.

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