In 2018, Adele, who is single, acquired section 1244 stock in the initial offering for La Fleur Corporation at a cost of $60,000. She was able to sell her stock just before the company declared bankruptcy in December of 2022. Show both how you would calculate and the tax nature of any gain or loss recognized by Adele in 2022. .

1. In 2018, Adele, who is single, acquired section 1244 stock in the initial offering for La Fleur
Corporation at a cost of $60,000. She was able to sell her stock just before the company declared
bankruptcy in December of 2022. Show both how you would calculate and the tax nature of any
gain or loss recognized by Adele in 2022.