Question: On September 3 , 2 0 2 4 , Wilkins purchased 1 2 4 4 stock in Brass Corporation for $ 6 , 0 0
On September Wilkins purchased stock in Brass Corporation for $ On December the stock was worth $ On August Wilkins was notified that the stock was worthless. How should Wilkins report this item on the and tax returns?
a$; $ ordinary loss
b$ shortterm capital loss; $ shortterm capital loss
c$ shortterm capital gain; $ ordinary loss
d$; $ longterm capital loss
e$; $ ordinary loss
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