Chana purchased 400 shares of Tronco Corporation stock for $40,000 on October 15, 2014. On December 27, 2017, Chana sells the 400 shares for $24,000. Chana purchases 300 shares of Tronco Corporation stock on January 16, 2018 for $8,000. Chana's recognized loss on sale of the 400 shares in 2017 and her basis of and holding period of in her 300 new shares are A. Recognized loss Basis Holding period starts on $4,000 $20,000 January 16, 2018 B. Recognized loss Basis Holding period starts on $16,000 $8,000 January 16, 2018 C. Recognized loss Basis Holding period starts on $16,000 $8,000 October 15, 2014 D. Recognized loss Basis Holding period starts on $4,000 $20,000 October 15, 2014