Hamlet,a calendar year taxpayer,owns 1,000 shares of Vanity Corporation common stock,which he purchased two years ago for $4,000.Hamlet sells all of his shares on December 29,2016,for $2,500.On January 23,2017,he purchases 600 shares of Vanity Corporation common stock.What is the amount of Hamlet's recognized loss in 2016?
A) $- 0 -
B) $600
C) $900
D) $1,500
E) $4,000
Correct Answer:
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