How should able report this item on his 2008 tax return, Accounting Basics

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How should able report this item on his 2008 tax return

On September 3, 2008, Able purchased § 1244 stock in Red Corporation for $6,000. On December 31, 2008, the stock was worth $8,500. On August 15, 2009, Able was notified that the stock was worthless. How should Able report this item on his 2008 and 2009 tax returns?

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Accounting Basics: How should able report this item on his 2008 tax return

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Accounting Basics: How should able report this item on his 2008 tax return

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