Rosanna,a single taxpayer,owns 2,000 shares of qualifying small business stock that she purchased for $225,000.During the current year,she sells 800 of the shares for $30,000.If this is the only stock Rosanna sells during the year,what can she deduct as an ordinary and capital loss?
$\begin{array}{ll}
\text {Ordinary loss } & \text { Capital loss } \
a.\$ 58,000 & \$-0- \
b.\$ 50,000 & \$ 3,000 \
c.\$ 50,000 & \$ 10,000 \
d.\$-0- & \$ 3,000 \
e.\$-0- & \$ 60,000
\end{array}$

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The Answer of Rosanna,a single taxpayer,owns 2,000 shares of qualifying small business stock that she purchased for $225,000.During the current year,she sells 800 of the shares for $30,000.If this is the only stock Rosanna sells during the year,what can she deduct as an ordinary and capital loss?
$\begin{array}{ll}
\text {Ordinary loss } & \text { Capital loss } \
a.\$ 58,000 & \$-0- \
b.\$ 50,000 & \$ 3,000 \
c.\$ 50,000 & \$ 10,000 \
d.\$-0- & \$ 3,000 \
e.\$-0- & \$ 60,000
\end{array}$

Rosanna,a Single Taxpayer,owns 2,000 Shares of Qualifying Small Business Stock