The Wash Sale Provisions Apply to Which of the Following

Multiple Choice

The wash sale provisions apply to which of the following?
I.Jim bought 500 additional shares of Alfa Gamma stock for $4,000 on December 2,2016.Jim owned 2,500 shares after that purchase.On December 26,2016,Jim realizes a loss of $1,500 on the sale of 250 shares of Alfa Gamma stock.
II.Calvin realizes a $8,000 loss on the December 29,2016,sale of Sloan corporate bonds.Each bond has a face value of $1,000.He replaces the Sloan corporate bonds with the same number of Jackson corporate bonds,each with a face value of $1,000 on January 16,2017.The Jackson bonds have a different interest rate and maturity date then the Sloan bonds but have the same bond rating (AAA) .
​

A) ​Only statement I is correct.
B) ​Only statement II is correct.
C) ​Both statements are correct.
D) ​Neither statement is correct.