Barbara Owns 100 Shares of Bond Corporation Stock with a Basis

Multiple Choice

Barbara owns 100 shares of Bond Corporation stock with a basis of $40,000. Barbara receives two liquidating distributions, including $16,000 paid last year and $20,000 paid in the current year. An additional distribution of an undetermined amount is expected next year. On last year's tax return, Barbara can recognize a loss of

A) $1,000.
B) $4,000.
C) $0.
D) $14,000.