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multiple choice: Stacy, who is married and sole shareholder of ABC Corporation, sold all of her stock in the corporation for $100,000. Stacy had organized

multiple choice: Stacy, who is married and sole shareholder of ABC Corporation, sold all of her stock in the corporation for $100,000. Stacy had organized the corporation in 1999 by contributing $225,000 and receiving all of the capital stock of the corporation. ABC Corporation is a domestic corporation engaged in the manufacturing of ski parkas. The stock in ABC Corporation qualified as Sec. 1244 stock. The sale results in a (n) A. ordinary loss of $125,000. B. long-term capital loss of $125,000. C. long-term capital loss of $100,000 and ordinary loss of $25,000. D. ordinary loss of $100,000 and long-term capital loss of $25,000

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