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29. Juan has a casualty loss of $32,500 on investment property, after receiving an insurance settlement. This is Juan's only casualty transaction this year. Juan's

29. Juan has a casualty loss of $32,500 on investment property, after receiving an insurance settlement. This is Juan's only casualty transaction this year. Juan's loss is a(n)

a. ordinary loss

b. capital loss

c. Sec. 1231 loss

d. Sec. 1244 loss

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