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Business, 05.11.2019 00:31 nyasiasaunders1234

On february 20, 2018, bill purchased stock in pink corporation (the stock is not small business stock) for $1,000. on may 1, 2019, the stock became worthless. during 2019, bill also had an $8,000 loss on § 1244 small business stock purchased two years ago, a $9,000 loss on a nonbusiness bad debt, and a $5,000 long-term capital gain. how should bill treat these items on his 2019 tax return?
a. $8,000 ordinary loss and $3,000 short-term capital loss.
b. $8,00 ordinary loss and $5,000 short-term capital loss.
c. $4,000 long-term capital loss and $9,000 short term-capital loss.
d. $8,000 long-term capital loss and $6,000 short term-capital loss.
e. $4,000 long-term capital loss and $3,000 short term-capital loss.

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