Bryce owns 200 shares of Basic Company stock that he purchased for $8,000 three years ago. On

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Bryce owns 200 shares of Basic Company stock that he purchased for $8,000 three years ago. On December 28, 2021, Bryce sold 100 shares of the stock for $2,500. On January 3, 2022, Bryce repurchased 50 shares for $1,100. How much of the loss can Bryce deduct in 2021?

a. $0. 

b. $ 750.

c. $4,400.

d. $5,500.

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Fundamentals Of Taxation 2022

ISBN: 9781264209408

15th

Authors: Ana Cruz, Michael Deschamps, Frederick Niswander

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