Question - On February 20, 2013, Bill purchased stock in Pink Corporation (the stock is not a small business stock) for $1,000. On May 1, 2015, the stock became worthless. During 2015, Bill also had an $8,000 loss on section 1244 small business stock purchased two years ago, a $9,000 loss on a non-business bad debt, and a $5,000 long -term capital gain. How should Bill treat these items on his 2015 tax return?
Please show the work along with the explanation of how to get the answer.