Eight years ago, June paid $10 per share for 2,000 shares of XYZ stock. This year, June learned that XYZ is in bankruptcy and can pay only 40 percent of its debt. It will have no capital left for stockholders. What are the tax consequences to June of XYZ's bankruptcy? $20,000 long-term capital loss $12,000 long-term capital loss $20,000 ordinary loss $0 gain or loss