Lowells sale of blue corporation stock is a fully taxable

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Reference no: EM131024866

Several years ago, Lowell, who is single, acquired § 1244 stock in Blue Corporation at a cost of $210,800. He sells the Blue stock for $21,080 in the current year.

Lowell's sale of Blue Corporation stock is a fully taxable transaction, which produces a total loss of $__________ of which $__________ is treated as a capital loss.

Reference no: EM131024866

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