12. Worthless Securities. (Obj. 2) On July 17, 2018, Martina paid $15,000 for 4,500 shares...
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12. Worthless Securities. (Obj. 2) On July 17, 2018, Martina paid $15,000 for 4,500 shares of stock in ABC corporation. On December 29, 2018, the stock was trading for $.03 a share. On January 6, 2019 Martina's stockbroker let her know that the stock was worthless. Discuss the tax consequences of the ABC stock on Martina's 2018 and 2019 tax returns
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