Anis purchased $6$ acres of land with an old storage building on it for $$1\mathrm{.}5$ million. He bought the land to start a commercial campground business. The first phase of the project was to demolish the old storage building in $2023.$ The demolition cost was $$75,000.$ How does Anis treat the $$75,000$ for tax purposes?

a$.$ List the keywords used in your search.

b$.$ List the code section$($s$)$ that deals with this situation.

c$.$ Summarize your conclusion.

On April $18,2021,$ Aaron paid $$23,000$ for stock in Marvel, Inc., a publicly traded company. Since the stock wasn$$t performing, Aaron sold it to Amelia on August $16,2023$ for $$18,000.$ Amelia is Aaron$$s sister. How much of the loss can Aaron deduct in $2023$ assuming he has $$80,000$ in taxable income and no other capital asset transactions?

a$.$ List the keywords used in your search.

b$.$ List the code section$($s$)$ that deals with this situation.

c$.$ Summarize your conclusion.