Pierre purchased 100 shares of Acrobat Inc. at $10 per share on August 1 of this year. Several days later, on August 15, he sold the shares for $7 per share. Assuming he does not make any additional transactions in the shares this year, what is the tax treatment of his trading in Acrobat? He can claim a $300 allowable capital loss this year. This is a superficial loss which is not deductible in the current year. He can carryforward his allowable capital loss to future years. A & C