Henry Had No Trades This Year But Downoutsco Inc Of Which Henry Owned 200 Shares

Henry had no trades this year but Downoutsco, Inc. of which Henry owned 200 shares (total cost: $4,000) declared bankruptcy in January of 2017.

The loss on the stock: (a) gives a $4,000 deduction for the year, (b) gives a $3,000 deduction for the year, (c) is treated as bad debt