A taxpayer can deduct a loss on a security when the market price of the stock is less than the basis at the end of the year.

Name: A taxpayer can deduct a loss on a security when the market price of the stock is less than the basis at the end of the year.
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A taxpayer can only deduct a loss on a security when it is actually sold for less than its basis, not merely when its market price falls below the basis.

A Taxpayer Can Deduct a Loss on a Security When