11.) On July 20, XX01, Matt (who files a joint return) purchased 3,000 shares of Orange Corporation stock (the stock is 1244 small business stock) for $190,000. On September 15, XX03, Matt sold the 3,000 shares of stock for $60,000. What is the character of the gain or loss from Matt's XX03 stock sales?

A.) $100,000 capital loss; $30,000 long term capital loss.

B.) $50,000 ordinary loss; $80,000 Long term Capital loss

C.) $130,000 ordinary loss.

D.) $100,000 ordinary loss; $30,000 long term capital loss.