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QUESTION
paid $78,400 to purchase 15,000 shares of HF common stock in 2003. This year, HF declared bankruptcy and announced that its stock has no value. What...
Mrs. T. paid $78,400 to purchase 15,000 shares of HF common stock in 2003. This year, HF declared bankruptcy and announced that its stock has no value. What is the tax consequence to Mrs. T. of this bad news?
