Question Content Area On July 2 0 , 2 0 1 9 , Matt ( who files a joint return ) purchased 3 , 0 0 0 shares of Orange Corporation stock ( the stock is 1 2 4 4 small business stock ) for $ 2 4 , 0 0 0 from a friend On November 1 0 , 2 0 2 3 , Matt purchased an additional 1 , 0 0 0 shares of Orange Corporation stock from another friend for $ 1 5 0 , 0 0 0 On September 1 5 , 2 0 2 4 , Matt sold the 4 , 0 0 0 shares of stock for $ 1 2 0 , 0 0 0 How should Matt treat the sale of the stock on his 2 0 2 4 return a $ 1 0 0 , 0 0 0 ordinary loss $ 4 6 , 0 0 0 net capital gain b $ 5 4 , 0 0 0 STCL c $ 1 3 0 , 0 0 0 ordinary loss $ 6 6 , 0 0 0 LTCG d $ 1 0 0 , 0 0 0 ordinary loss $ 2 0 , 0 0 0 STCL

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Question Content Area On July 2 0 , 2 0 1 9 , Matt ( who files a joint return ) purchased 3 , 0 0 0 shares of Orange Corporation stock ( the stock is 1 2 4 4 small business stock ) for $ 2 4 , 0 0 0 from a friend  On November 1 0 , 2 0 2 3 , Matt purchased an additional 1 , 0 0 0 shares of Orange Corporation stock from another friend for $ 1 5 0 , 0 0 0   On September 1 5 , 2 0 2 4 , Matt sold the 4 , 0 0 0 shares of stock for $ 1 2 0 , 0 0 0   How should Matt treat the sale of the stock on his 2 0 2 4 return  a   $ 1 0 0 , 0 0 0 ordinary loss  $ 4 6 , 0 0 0 net capital gain  b   $ 5 4 , 0 0 0 STCL   c   $ 1 3 0 , 0 0 0 ordinary loss  $ 6 6 , 0 0 0 LTCG   d   $ 1 0 0 , 0 0 0 ordinary loss  $ 2 0 , 0 0 0 STCL

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Question Content Area On July 2 0 , 2 0 1 9 , Matt ( who files a joint return ) purchased 3 , 0

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