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You purchase Wachovia stock on September 25th, 2019 for $10,000. Wachovia is completely liquidated (bankrupt) on June 15th, 2020. How does this affect your tax
You purchase Wachovia stock on September 25th, 2019 for $10,000. Wachovia is completely liquidated (bankrupt) on June 15th, 2020. How does this affect your tax return?
$10,000 long-term capital loss | ||
$10,000 ordinary loss | ||
$10,000 short-term capital loss | ||
$3,000 long-term capital loss | ||
$3,000 short-term capital loss |
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