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On October 15th of last year, Erin purchased stock in Happy Irish Ale Corporation for $2,000. The stock is not small business stock. On June
On October 15th of last year, Erin purchased stock in Happy Irish Ale Corporation for $2,000. The stock is not small business stock. On June 1st of the current year, the stock became worthless. How should Erin treat the loss this year on her tax return? A $2,000 short-term capital loss. B $1,000 long-term capital loss. C $2,000 ordinary loss D $2.000 long-term capital loss
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