Victor,a Calendar-Year Taxpayer,owns 100 Shares of AB Corporation Stock,which Was

question 75

Multiple Choice

Victor,a calendar-year taxpayer,owns 100 shares of AB Corporation stock,which was purchased three years ago for $5,000.Victor sells all 100 shares on December 27,of the current year,for $4,000 and on January 5,of the following year,purchases 60 shares of AB Corporation stock.Victor's recognized loss will be

• A)$0.
• B)$400.
• C)$600.
• D)$1,000.