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Ed is single and owns $87,000 of Section 1244 stock. He sells it for $20,000, thus incurring a loss of $67,000. In determining his tax

Ed is single and owns $87,000 of Section 1244 stock. He sells it for $20,000, thus incurring a loss of $67,000. In determining his tax liability for the year how much can he deduct fully as an ordinary loss and how much must he treat as a capital loss

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