Sssioev.bcatoei Online te..x Connect tNew tab Calculator Problem 6-41 Julio is in the 33% tax bracket. He. acquired 2,000 shares of stock in Gray Corporation seven years ago at a cost of $50 per share. In the current year, Julio received a payment of $150,000 from Gray Corporation in exchange for 1,000 of his shares in Gray. Gray has E & P of $1,000,000. Julio has a capital loss carryover of s5o,000 in the current tax year Julio has no other capital gain transactions during the year. What amount of the capital loss may lulio deduct in the current year in the following situations (LO. 1) a. The $150,000 payment from Gray Corporation is a qualidying stock redemption for tax purposes Jullo may use s 50,000 of the capital loss carryover to offset the gain on the rodemption. 50,000 of the capital loss carryover to offset the gain on the redemption. b. The $150,000 payment from Gray Corporation is a nonqualified stock redemption for tax purposes ulio could deduct s of the $50,000 capital loss carryower had the flexibility to structure the transaction as described, which form would he chouse to receive the greatest tax benet The qualifying stock redemption