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Question 2 1 pts Valeria purchased a home for $320,000 six years ago. A recent hurricane partially damaged the home. The fair market value
Question 2 1 pts Valeria purchased a home for $320,000 six years ago. A recent hurricane partially damaged the home. The fair market value of the house before the damage was $475,000. After the damage by the hurricane, the value of the house fell to $300,000. How much and what type of loss does Valeria recognize? a $320,000 1231 loss a $175,000 personal casualty loss a $155,000 passive activity loss a $175,000 at risk loss
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