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This year Barney purchased 500 shares of Bell common stock for $20 per share. At year-end the Bell shares were only worth $2 per share.

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This year Barney purchased 500 shares of Bell common stock for $20 per share. At year-end the Bell shares were only worth $2 per share. What amount can Barney deduct as a loss this year? $10.000 $9.000 $1.000 Barney can deduct $10,000 only if the includes $1,000 in his taxable income. None of these - Barney is not entitled to a loss deduction

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