Tom purchases 1000 shares of standard corp stock in 2017 for 31000 on October 1 2020. He sells the stock for only 10000. On October 20 2020 Tom buys 1000 shares of standard corp again for 10000. How much of the October 1, 2020 loss may Tom deduct this year?
a. 0
b. 3000
c. 21000
d. 31000
Already registered? Login
Not Account? Sign up
Enter your email address to reset your password
Back to Login? Click here