On December 28, 2016, Shelia sold 300 shares of Power Inc. (a publicly-traded company) at a loss of $5,900. On January 5, 2017, Shelia repurchased 300 shares of Power Inc. 

• The $5,900 loss is disallowed. 
• The $5,900 loss is only allowed if Shelia has capital gains to offset the loss. 
• The $5,900 loss is only allowed if Shelia's AGI is less than $100,000. 
• Only $3,000 of the loss is allowed.