On February 1, 2020, Papaya, a single individual, purchased 1244 stock in Raspberry Corporation for $90,000. On August 15, 2020, Papaya was notified that the stock was worthless. How should Papaya report this item on her 2020 tax return?

Group of answer choices:

a. $90,000 ordinary loss

b. $90,000 capital loss

c. $50,000 capital loss and $40,000 ordinary loss

d. $50,000 ordinary loss and $40,000 capital loss