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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

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. $3,000STCL b. $5,000STCL c. $3,000LTCL d. $5,000LTCL

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