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On September 19, 2022, an investor purchases 5,000 shares of Zapata Corporation for $5,000. On March 31, 2023, the stock becomes worthless. What is the
On September 19, 2022, an investor purchases 5,000 shares of Zapata Corporation for $5,000. On March 31, 2023, the stock becomes worthless. What is the deductible gain or loss in 2023 and how is it classified?
a. $3,000 STCL
b. $5,000 STCL
c. $3,000 LTCL
d. $5,000 LTCL
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Personal Finance For Musicians
Authors: Bobby Borg
1st Edition
1538163306, 978-1538163306
