Question $9$ of $10.$

Darcy sold his entire interest in a PTP to an unrelated taxpayer in a fully taxable transaction. His amount realized was $$1,2$ His outside basis was zero. His ordinary loss was reported to him on his Sales Schedule as $$150.$ How much is his capital gain or loss?

$$150$ capital loss.

$$0($no capital gain$/$loss$).$

$$1,200$ capital gain.

$$1,350$ capital gain.

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