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On February 20, 2013, Bill purchased stock in Pink Corporation ( the stock is not a small business stock) for $1,000. On May 1, 2015,
On February 20, 2013, Bill purchased stock in Pink Corporation ( the stock is not a small business stock) for $1,000. On May 1, 2015, the stock became worthless. During 2015, Bill also had an $8,000 loss on section 1244 small business stock purchased two years ago, a $9,000 loss on a non-business bad debt, and a $5,000 long -term capital gain. How should Bill treat these items on his 2015 tax return?
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