Hamlet, a calendar year taxpayer, owns 1,000 shares of Vanity Corporation common stock, which he purchased 2 years ago for $4,000. Hamlet sells all his shares on December 29, 2020, for $2,500. On January 23, 2021, he purchases 600 shares of Vanity Corporation common stock. How much loss can Hamlet recognize in 2020?
A. $- 0 -
B. $600
C. $900
D. $1,500
E. $4,000
Answer: B
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