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?

$8,000 ordinary loss and $3,000 short-term capital loss

Ordinary loss (Small business stock) ($8,000)

Long-term capital gain $5,000

- Long-term capital loss (Worthless securities)

(1,000)

Net long-term capital gain $4,000

- Short-term capital loss (Nonbusiness bad debt)

(9,000)

Net short-term capital loss ($5,000)

Short-term capital loss limited to ($3,000)

hopefull this will you!

the business rule that governs the relationship is one-to-many as there are multiple customers for each agent.

be mindful of your own reaction,use positive self-talk,   and debrief.