Question Content Area On July 20,2019, Matt (who files a joint return) purchased...
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Question Content Area On July Matt who files a joint return purchased shares of Orange Corporation stock the stock is small business stock for $ from a friend. On November Matt purchased an additional shares of Orange Corporation stock from another friend for $ On September Matt sold the shares of stock for $ How should Matt treat the sale of the stock on his return? a$ ordinary loss; $ net capital gain. b$ STCL c$ ordinary loss; $ LTCG d$ ordinary loss; $ STCL
Question Content Area
On July Matt who files a joint return purchased shares of Orange Corporation stock the stock is small business stock for $ from a friend. On November Matt purchased an additional shares of Orange Corporation stock from another friend for $ On September Matt sold the shares of stock for $ How should Matt treat the sale of the stock on his return?
a$ ordinary loss; $ net capital gain.
b$ STCL
c$ ordinary loss; $ LTCG
d$ ordinary loss; $ STCL
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