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This year Montavious purchased 500 shares of Bell common stock for $20 per share. At year-end the Bell shares were only worth $2 per share.
This year Montavious 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 Montavious deduct as a loss this year? Multiple Choice $10,000 $9,000 $1,000 Montavious can deduct $10,000 only if he includes $1,000 in his taxable income. None of the choices are correct - Montavious is not entitled to a loss deduction
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