Sheamus is a single taxpayer. During the current year, he sold Section 1244 stock, which he had held for three years, for $40,000. His basis in the stock was $130,000. What is the tax result from the sale of the stock? A) Sheamus has an ordinary loss of $50,000 and a long-term capital loss of $40,000. B) Sheamus has a long-term capital loss of $100,000. C) Sheamus has an ordinary loss of $50,000 this year and a carryforward of ordinary loss of $40,000. D) Sheamus has an ordinary loss of $100,000