During the current year, Keira sells her entire interest in Chief Corporation common stock for $13,000. She is the sole shareholder, and originally organized the corporation several years ago by contributing $84,000 in exchange for her stock, which qualifies as Sec. 1244 stock. Since its incorporation, Chief has been involved in the manufacture of items that protect personal computers from static electricity. Unfortunately, this market is extremely competitive, and Chief Corporation incurs substantial losses throughout its existence. Read the requirements. Requirement a. Assuming Keira is single, what are the amount and the character of the loss recognized on the sale of the Chief Corporation stock? (Complete all input fields. Enter a "0" for any zero balances.) Assuming Keira is single, she will recognize an ordinary loss of If Keira is single she will recognize a long-term capital loss of Requirement b. Assuming Keira is married and files a joint return, what are the amount and the character of the loss recognized on the sale of the Chief Corporation stock? (Complete all input fields. Enter a "0" for any zero balances.) Assuming Keira is married and files a joint return, she will recognize an ordinary loss of If Keira is married and files a joint return, she will recognize a long-term capital loss of Requirement c. How would your answer to Part a change if Keira had originally purchased the stock from another shareholder rather than organizing the corporation? (Complete all input fields. Enter a "0" for any zero balances.) If Keira had originally purchased the stock from another shareholder she will recognize an ordinary loss of If Keira had originally purchased the stock from another shareholder she will recognize a long-term capital loss of Requirement d. How might Keira have structured the transaction in Part a to receive a greater tax advantage? O A. By selling all of the stock in the following year Keira could convert the entire loss on the sale to a capital loss. O B. By selling all of the stock in the following year Keira could convert the entire loss on the sale to an ordinary loss. O c. By selling a portion of the stock (up to $50,000) in one year and the remaining stock (up to $50,000) in another year Keira could convert the entire loss on the sale to an ordinary loss. D. By selling another capital investment at a gain Keira could offset the loss on the sale of Chief Corporation common stock