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Nancy purchased 200 shares of New Castle common stock directly from the company for $25,000 on...

Nancy purchased 200 shares of New Castle common stock directly from the company for $25,000 on 7/12/2017. At the time of the purchase, New Castle had $600,000 of paid -in-capital. On 6/30/2018, she sold all or her New Castle common stock for $17,500. Nancy; a cash basis, calendar year taxpayer; is single. What is the amount and character (if any) of her tax deduction for 2018?  

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Page No. Date Ans - Tan is only person has made So there is no Also, no clonater paid when the any profit. tan deduction. a s

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