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Felix sold 1,500 shares shares of Drexel common stock for $20 per share. He originally purchased the stock three years ago for $25 per share.

Felix sold 1,500 shares shares of Drexel common stock for $20 per share. He originally purchased the stock three years ago for $25 per share. Felix had no other capital gain or loss transactions for the year. What amount, if any, can Felix deduct as a loss on his tax return this year?

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$37,500

$0

$3,000

$7,500

$30,000

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