Eddie owned stock that he purchased for $15,000. During September of last year, Eddie sold the stock to his sister, Julie, for its fair market value of $12,000. Julie then sold the stock for $11,000 to an unrelated person in the current year. What recognized loss, if any, will be reported on Julie's income tax return?

A: $0

B: $1,000

C: $3,000

D: $4,000

E: $15,000

Answer rating: 100% (QA)

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