Tina Is Single and One of the Founding Shareholders of Exacta

Multiple Choice

Tina is single and one of the founding shareholders of Exacta Corporation.She acquired her Exacta Section 1244 stock four years ago for $123,000.During the current year, Tina sold all of her Exacta stock to an unrelated party for $40,000.Tina had no other capital gains or losses during the year.What is the maximum amount of loss Tina can deduct in the current year for the Exacta stock?

A) $83,000
B) $53,000
C) $50,000
D) $3,000