47 This year Barney purchased 620 shares of Bell common stock for $22.50 per share. At year-end the Bell shares were only worth $2.50 per share. What amount can Barney deduct as a loss this year? $13,950 Barney can deduct $13,950 only if he includes $1,550 in his taxable income. None of the choices are correct - Barney is not entitled to a loss deduction. $12,400 $1,550