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Victor, a calendar year taxpayer, owns 100 shares of AB Corporation stock, which was purchased...

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Victor, a calendar year taxpayer, owns 100 shares of AB Corporation stock, which was purchased on August 15, 2014 for $5,000. Victor sells all 100 shares on December 27, 2017, for $4,000. He purchases 40 shares of AB Corporation stock on December 31, 2017 and 20 shares of AB Corporation stock on January 5, 2018. Victor's recognized loss in 2017 will be A. $200 B. $400 C. $600 D.$1,000

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