Amy,a single individual and sole shareholder of Brown Corporation,sold all of the Brown stock for $30,000.Amy's stock basis was $150,000.She had owned the stock for 3 years.Brown Corporation meets the Section 1244 requirements.Amy has

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Amy can claim a $50,000 ordinary loss under Section 1244 and the remaining $70,000 as a long-term capital loss (LTCL).

Amy,a Single Individual and Sole Shareholder of Brown Corporation,sold All