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Amaya is a 28-year-old single taxpayer. During the year, she sold shares of ZYX stock. This was her only sale of capital assets. Amaya's only
Amaya is a 28-year-old single taxpayer. During the year, she sold shares of ZYX stock. This was her only sale of capital assets. Amaya's only other income during the year was $62,400 in wages. In early 2022, Amaya received the following Form 1099-B reporting details about the transaction. Choose the response that correctly describes how Amaya should report the transaction on her tax return?
A) long-term capital loss of $4,400
B) short-term capital loss of $4,400
C) long-term capital loss of $4,400
D) long-term capital loss of $10,400
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