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On November 03, 2017, Tim sold 1,000 shares of Citigroup stock (adjusted basis $45,000) for $28,000. On December 01, 2017, Tim purchased 1,200 share of

On November 03, 2017, Tim sold 1,000 shares of Citigroup stock (adjusted basis $45,000) for $28,000. On December 01, 2017, Tim purchased 1,200 share of Citigroup stock for $$27,500.

What is Tims recognized loss for 2017? Explain your Answer.

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