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On February 20, 2021, Bob purchased stock in Orange Corporation (the stock is not small business stock) for $1,000. On May 1, 2022, the stock
On February 20, 2021, Bob purchased stock in Orange Corporation (the stock is not small business stock) for $1,000. On May 1, 2022, the stock became worthless. During 2022, Bob also had an $8,000 loss on 1244 small business stock purchased two years ago, a $9,000 loss on a nonbusiness bad debt, and a $5,000 long-term capital gain. How should Bob treat these items on his 2022 tax return? O $8,000 ordinary loss and $3,000 short-term capital loss. O $4,000 long-term capital loss and $9,000 short-term capital loss. O $4,000 long-term capital loss and $3,000 short-term capital loss. O $8,000 long-term capital loss and $6,000 short-term capital loss O $8,000 ordinary loss and $5,000 short-term capital loss
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