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In January last year (2020), D, single, established a corporation and acquired 1244 stock. This year the stock, which had a basis of $120,000, became

In January last year (2020), D, single, established a corporation and acquired 1244 stock. This year the stock, which had a basis of $120,000, became worthless. D had no other property transactions during the year. D's adjusted gross income will decrease because of these transactions by

a. $50,000.

b. $120,000.

c. $3,000.

d. $53,000.

e. $103,000.

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