Shins Seamos 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 and the stock was $130,000.$ What is the tax result from the sale of stock shamus has a long$-$term capital loss of $100,000$ shame has an ordinary loss of $100,000$ has an ordinary loss of $50,000$ this year and a carry forward of an ordinary loss of $40,000$ shameless has ordinary income, ordinary loss of $50,000$ and a long$-$term loss of $40,000.$