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Mrs smith paid $ 78400 to purchase 15000 shares of palm tree company common stock in 2019. This year , palm tree company declared bankruptcy
Mrs smith paid $ 78400 to purchase 15000 shares of palm tree company common stock in 2019. This year , palm tree company declared bankruptcy and annouced that its stock had no value. What is the tax consequence to Mrs Smirh of this bad news?
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