Martel sold four coins at a loss on November 14, 2021, and bought five of the same type on December 5, 2021, when the market fell further. Choose the response that correctly describes why Martel may or may not use this loss to reduce the amount of any capital gain income he may have, or claim a deductible loss on his 2021 return. No. Wash sale rules disallow the loss. No. The transaction is considered a like-kind exchange. No. The fair market value of the purchase counteracts the sale loss. Yes. He claims a deduction for the sale and holds five coins for future disposition.