GreenHerbz206
GreenHerbz206
25.07.2019 • 
Business

On february 20, 2017, bill purchased stock in pink corporation (the stock is not small business stock) for $1,000. on may 1, 2018, the stock became worthless. during 2018, bill also had an $8,000 loss on § 1244 small business stock purchased two years ago, a $9,000 loss on a nonbusiness bad debt, and a $5,000 long-term capital gain. how should bill treat these items on his 2018 tax return?

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