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Anthony is married and is one of the original purchasers of NCI Corporation's stock, which qualifies as 51244 stock. He purchased the stock 2 years
Anthony is married and is one of the original purchasers of NCI Corporation's stock, which qualifies as 51244 stock. He purchased the stock 2 years for $150,000 During the current year, he sold all of the stock for $30,000. What is deductible on Anthony's return in the year of sale $0 ordinary loss, $0 LTCL $0 ordinary loss, $120,000 LTCL O $50,000 ordinary loss, $3,000 LTCL O $100,000 ordinary loss, $20,000 LTCL O $100,000 ordinary loss, $3,000 LTCL
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