amuel, a calendar year taxpayer, owns 100 shares of R Corporation common stock, which was purchased two years ago for $3,600. Samuel sells all 100 shares on December 27 of the current year for $1,000. On January 4 of the following year, Samuel purchases 40 shares of R Corporation preferred stock. Samuel's recognized loss will be (Points : 3)

$0. $960. $1,040. $2,600.