1.Bennett purchased a tract of land for $20,000 in 2012 when he heard that a new highway was going to be constructed through the property and the land would soon be worth $200,000. The highway project was abandoned in 2018 and the value of the land fell to $15,000. Bennett can claim a loss in 2018 of: a.$180,000 b.$5,000 c.$0 d.$165,000 e.None of these choices are correct.

2.The qualified business income deduction is a percentage of wages earned by an employee.

True

False