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Helens residence that has an adjusted basis of $168,000 is condemned by the state government when the property is worth $132,000. The authorities replace her
Helens residence that has an adjusted basis of $168,000 is condemned by the state government when the property is worth $132,000. The authorities replace her property with other qualified property which cost them $100,000. How much, if any, loss is deductible by Helen? a. $32,000. b. $0. c. $68,000. d. $36,000. e. None of the above.
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