Martel sold 4 coins at a loss on november 14 2021 and bought the same...
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Martel sold 4 coins at a loss on november 14 2021 and bought the same type on December 5, 2021 when market fell further choose response that correctly describes why martle may or may not use loss to reduce the amount of capital gain income he may have or loss on his 2021 return ? A. no wash sales disallows loss B. No transactions is considered a like kind exchange C. No fmv of purchase counter acts the sales loss D. yes he claims deduction for the sale and holds 5 coins for future disposition
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