In year 1, Tina had the following transactions in CNC Inc., stock:
Shares Price
Jan. 01 Purchase 500 $25
May 12 Sale 500 $23
May 28 Purchase 250 $22
Oct. 15 Sale 100 $18
What is Tina's deductible capital loss?
A. $400
B. $700
C. $1,100
D. $1,400
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