### Prtoblem related to single taxpayer

Assignment Help Accounting Basics
##### Reference no: EM13127071

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

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