Loss Amount
Loss on sale of stock in an individual’s wholly-owned business corporation $4,000
Hobby loss in excess of hobby gross income 3,000
Gambling losses in excess of gambling winnings 8,000
Loss on sale of stock in individual’s investment portfolio 9,000
Decline in value of stock held in individual’s investment portfolio 7,000
Loss on sale of personal automobile 2,000
Total $33,000
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