During the current year, Sally sold her interest in two small business corporations qualifying as Sec. 1244 stock. Sally realized a $35,000 loss on her X Corporation small business stock and a $20,000 loss on her Y Corporation small business stock, Sally files her tax return as a single individual. What are the amount and the character of Sally's loss to be reported in the current year? Ordinary Loss = $o Capital Loss - $55,000 Ordinary Loss - $5,000 Capital Loss $50,000 Ordinary Loss - $50,000 Capital Loss $5,000 Ordinary Loss $55,000 Capital Loss - $0