During the Year, Kim Sold the Following Assets: Business Auto

Multiple Choice

During the year, Kim sold the following assets: business auto for a $1,000 loss, stock investment for a $1,000 loss, and pleasure yacht for a $1,000 loss.Presuming adequate income, how much of these losses may Kim claim?

A) $0.
B) $1,000.
C) $2,000.
D) $3,000.
E) None of these.