5) During the current year, someone sold their interest in two small business corporations qualifying as Sec 1244 stock. They realized a $35,000 loss on their X Corporations small business stock and a $20k loss on their Y Corporation small business stock. They file their tax return as a single individual. What are the amount and the character of their loss to be reported in the current year?

A ordinary loss = 5k, capital loss of 50k

B ordinary loss of 0, capital loss of 55k

C ordinary loss of 50k, capital loss of 5k

D ordinary loss of 55k, capital loss of 0