purchased stock in Webster Corp Assignment | College Homework Help

On April 22, 2019, Al Aikens, a calendar year taxpayer, purchased stock in Webster Corp. for $15,000. What is the nature of Al’s loss if Webster Corp. files for bankruptcy and Al’s stock becomes worthless on the dates?

1. December 20, 2019
2. January 17, 2020
3. September 19, 2020