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A taxpayer loses their home in a fire, which takes a home with a cost basis of $ 2 5 0 , 0 0 0

A taxpayer loses their home in a fire, which takes a home with a cost basis of $250,000 down to $0. They sell the property off for $50,000. They did not take a deduction for the casualty. What is the basis of the property now, in regards to the final sale?

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