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Jennifer who had owned the worthless securitysecurity had a basis of $20,000 for it. She had a holding period of six months when it became
Jennifer who had owned the worthless securitysecurity had a basis of $20,000 for it. She had a holding period of six months when it became worthless on December 10, 2021. Determine the treatment of the gain or loss:
Select one of the choices:
1231 gain, 1231 loss, 1245 gain, 1245 loss, 1250 gain, 1250 loss, ordinary gain, ordinary loss, short term capital loss, short term capital gain, long term capital gain, long term capital loss
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