During the current year, sells her entire interest in Corporation common stock for 33000. She is the sole shareholder, and originally organized the corporation several years ago by contributing 110000 in exchange for her stock, which qualifies as Sec. 1244 stock. Since its incorporation, has been involved in the manufacture of items that protect personal computers from static electricity. Unfortunately, this market is extremely competitive, and Corporation incurs substantial losses throughout its existence. . Assuming is single, what are the amount and the character of the loss recognized on the sale of the Corporation stock? b. Assuming is married and files a joint return, what are the amount and the character of the loss recognized on the sale of the Corporation stock? c. How would your answer to Part a change if had originally purchased the stock from another shareholder rather than organizing the corporation? d. How might have structured the transaction in Part a to receive a greater tax advantage?