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John has had a very good year and has over $600,000 of taxable income, including a sizable amount of capital gains. He's thinking of selling

John has had a very good year and has over $600,000 of taxable income, including a sizable amount of capital gains. He's thinking of selling a large block of stock to a neighbor at a price significantly below market value solely to recognize the loss. If a court disallows the loss on the sale of the stock because the sale was not bona fide and was made for the sole purpose of realizing a loss, what is the doctrine being applied? 

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