Which of the following events could produce a deductible loss? A) Selling loss property to a related party. B) Selling stock at a loss then purchasing an equal amount of substantially identical stock within 10 days of the sale. C) Hobby expenses exceed hobby income. D) Total destruction of a vacation home in a federally declared disaster with no insurance reimbursement. QUESTION 9 Jetse contributes land to the Salvation Army for use as a future site for a now bullding. His AGI is $200,000. Jesse paid $20,000 for the land ten months ago but its market value at the date of contribution is $25,000. With no special elections, Jesse's deductible contribution this year is A) 57,000 B) $18,000 C) $20,000 D) $25,000