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eBook Exercise 7-25 (Algorithmic) (LO. 4) Determine the treatment of a loss on rental property under the following facts: Basis FMV before the loss FMV after the loss Print Item The amount of the loss is $ Feedback Check My Work $901,000 1,081,200 270,300 which is a deduction for AGI The rules for determining the amount of a loss depend in part on whether business use, income-producing use, or pe involved. Another factor that must be considered is whether the property was partially or completely destroyed.