Monica purchased two acres of land with an old building on it for $$1$ million. The purchase was made to acquire the land for a new store she wanted to open on the property. Shortly after completing the purchase, Monica pays $$80,000$ to have the old building demolished. How does Monica treat the $$80,000$ demolition payment for tax purposes?

Locate the code section$($s$)$ that deals with this situation. State the section number$($s$).$

Review the code section$($s$).$ Does it raise a need for new information to solve this question?

Are you able to reach a conclusion about the research question from this code section? If so$,$ what is your conclusion$($s$)?$