Question
During 2022, Stacy, who is single and has no dependents, sold the following shares of stock: Stock Date Purchased Adjusted Basis Date Sold Sales Proceed
During 2022, Stacy, who is single and has no dependents, sold the following shares of stock:
Stock Date Purchased Adjusted Basis Date Sold Sales Proceed
| Alpha Corp | 12/2/20 | $3,500 | 6/29/22 | $1,100 |
| Beta Corp. | 7/11/20 | 2,000 | 4/15/22 | 100 |
| Delta Corp. | 5/27/21 | 3,000 | 5/26/22 | 1,500 |
| Gamma Corp. | 1/22/22 | 1,500 | 7/28/22 | 200 |
What is the amount of Brianna's allowable capital loss deduction in 2022?
A. $0
B. $500
C. $1,500
D. $3,000
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Forensic And Investigative Accounting
Authors: Larry Crumbley, Lester E. Heitger, G. Stevenson Smith
4th Edition
0808021435, 9780808021438
