Question
Erica, a married taxpayer, was looking for an investment that would give some diversity to her stock portfolio. After some research she decided to acquire
Erica, a married taxpayer, was looking for an investment that would give some diversity to her stock portfolio. After some research she decided to acquire some stock in Blue Co., a new startup company. On October 31, 2018, Erica purchased 100 shares of Blue Co. for $150,000. At the time Erica acquired her stock from Blue Corporation, the corporation had $950,000 of paid-in capital. Two years later in 2020, Erica sold all of her Blue Co.s stock for $20,000. How much of this loss can she deduct in 2020?
Group of answer choices
$53,000
$103,000
$130,000
$133,000
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