When property is disposed of, what factors influence the amount of the deductibl

Question

When property is disposed of, what factors influence the amount of the deductible loss?

A. The amount of the deductible loss when property is disposed depends on the type of property and the way the property is disposed.

B. The amount of the deductible loss when property is disposed depends on the basis in the property and the amount realized upon disposition.

C. The amount of the deductible loss when property is disposed depends on the manner in which the taxpayer uses the property.

D. All of the above.

Explanation / Answer

The correct answer is option (A).

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