Ed Evans, who ﬁles a single return, sold qualifying small business stock for $30,000 in 2012. He paid $140,000 for the stock in 2004. What is the maximum amount of ordinary loss Ed may deduct on his 2012 return?

Question

Quizplus · Accepted Answer

Ed has a $110,000 realized loss and, as a single person, may take a $50,000 ordinary loss. the remaining
$60,000 would be a long-term capital loss.

Ed Evans, Who ﬁLes a Single Return, Sold Qualifying Small