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Marty, who is married and files a joint return with his wife, sold stock which qualified under 1244 during the year. It sold for $45,000

Marty, who is married and files a joint return with his wife, sold stock which qualified under 1244 during the year. It sold for $45,000 and he had a basis in his stock of $150,000. How much gain or loss must he recognize, and what is the nature of the gain/loss?

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