Lynn transfers property (basis of $225,000 and fair market value of $300,000) to condor corporation in exchange for § 1244 stock. the transfer qualifies as a nontaxable exchange under § 351. in the current year, lynn sells the condor stock for $100,000. assume lynn files a joint return with her husband, ricky. with respect to the sale, lynn has:

a. a capital loss of $125,000.
b. an ordinary loss of $100,000 and a capital loss of $100,000.
c. an ordinary loss of $125,000.
d. an ordinary loss of $100,000 and a capital loss of $25,000.
e. none of these choices are correct.