Duane Uba sold the shares of an arm's-length small business corporation in Year 1, resulting in a capital loss of $2,000. If all of the conditions for an allowable business loss are met, Duane will recognize which of the following? 57 Multiple Choice ITA 3(d) loss of $2,000 in Year 1 ITA 3(b) gain of $1,000 in Year 1 B