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E sold her home for $400,000. She purchased the home for $440,000 and made capital improvements to the home costing $70,000. What is the amount

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E sold her home for $400,000. She purchased the home for $440,000 and made capital improvements to the home costing $70,000. What is the amount of the loss to be reported in net income for tax purposes? Note: Do not place a minus sign in front of the amount

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