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John invested $50,000 in stocks during 2022. Unfortunately, the value of his investments decreased to $30,000 by the end of 2023. How should John report

John invested $50,000 in stocks during 2022. Unfortunately, the value of his investments decreased to $30,000 by the end of 2023. How should John report these investment losses for tax purposes in 2023?
Initial Investment Final Investment Value Investment Loss
$50,000 $30,000 $20,000

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