Ralph Rodgers, a calendar year taxpayer, purchased stock on June 18, 2011, for $8,000. fte stock became worthless on June 4, 2012. What is Ralph's loss in 2012?
A) $8,000 short-term capital loss
B) $8,000 long-term capital loss
C) No loss
D) $8,000 itemized deduction
Correct Answer:
Verified
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