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Compute what ken recognized loss will be

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Problem 1: Ken, a calendar-year taxpayer, owns 50 shares of Copper Corporation stock, which was purchased two years ago for $30,000. Ken sells all 50 shares on December 31, of the current year (2019), for $20,000 and on January 15 (2020), of the following year, purchases 25 shares of Copper Corporation stock. Ken's recognized loss will be

A) $0
B) $5,000.
C) $7,500.
D) $10,000.

Reference no: EM132675931

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