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Bennett purchased a tract of land for $ 2 0 , 0 0 0 in 2 0 1 7 when he heard that a new

Bennett purchased a tract of land for $20,000 in 2017 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 2023, and the value of the land fell to $15,000. Bennett can claim a loss in 2023 of how much?
a. $165,000
b. $5,000
c. $0
d. $180,000

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