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Mark sells land held for investment to her sister, Selma, for $100,000. Mark's basis in the land is $104,000. Can Mark deduct the $4,000 loss

Mark sells land held for investment to her sister, Selma, for $100,000. Mark's basis in the land is $104,000. Can Mark deduct the $4,000 loss that she realized on this sale? (Ignore the $3,000 capital loss limitation.) Why or why not?

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