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On November 22 of this year, Mel Marcks sells a general obligation bond issued by East City and realizes a loss of $600. On December

On November 22 of this year, Mel Marcks sells a general obligation bond issued by East City and realizes a loss of $600. On December 13 of this year, Mel buys another bond issued by East City, but with a different interest rate and redemption date. Which of the following is true?

A. Mel may deduct half of the $600 loss on the November 22 sale.
B. Mel may deduct the $600 loss on the November 22 sale.
C. Mel must hold the new bond for at least 30 days in order to deduct the $600 loss.
D. Mel will defer the $600 loss on the November 22 sale.

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