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This year Mrs. Stone sold her interests in two small business corporations (Sec. 1244). For White Corporation, her loss was $150,000. For Green Corporation, her
This year Mrs. Stone sold her interests in two small business corporations (Sec. 1244). For White Corporation, her loss was $150,000. For Green Corporation, her loss was $30,000. Mrs. Stone files a joint return with her husband. What is the amount and character of the loss that she will report in the current year? This year Mrs. Stone sold her interests in two small business corporations (Sec. 1244). For White Corporation, her loss was $150,000. For Green Corporation, her loss was $30,000. Mrs. Stone files a joint return with her husband. What is the amount and character of the loss that she will report in the current year? $100,000 ordinary; $80,000 capital $180,000 ordinary; 0 capital $0 ordinary; $180,000 capital $80,000 capital; $100,000 ordinary
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