On December 19, 2018, Jerry disposed of 3,500 shares of ABC Limited (a taxable Canadian corporation) for proceeds equal to $80,000. Jerry had originally acquired the shares in 2012 at a cost of $92,000, including brokerage fees. After the disposal, Jerry noticed that the shares of ABC had fallen to an historical low level, and he now felt that they were definitely undervalued. On January 3, 2019, Jerry decided to reinvest in shares of ABC Limited, acquiring 3,500 shares for $75,000. What amount of loss should Jerry report on his 2018 tax return with respect to the disposal of 3,500 shares on December 19, 2018? Assume that Jerry does not engage in frequent stock transactions.

	$0
	$2,000
	$1,000
	$7,000