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Anthony purchased a tract of land for $35,000 in 2018 when he heard that a new shopping mall was going to be developed in the area and the land was projected to be worth $250,000. Anthony had been misinformed, as a mall was never planned for that location. In 2022, Anthony sells the land for $15,000. Ignoring any limitations, Anthony can claim what loss in 2022? a. $0 b. $20,000 c. $215,000 d..

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Anthony purchased a tract of land for $35,000 in 2018 when he heard that a new shopping mall was going to be developed in the area and the land was projected to be worth $250,000. Anthony had been misinformed, as a mall was never planned for that location. In 2022, Anthony sells the land for $15,000. Ignoring any limitations, Anthony can claim what loss in 2022? a. $0 b. $20,000 c. $215,000 d.

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  • 1. Anthony purchased a tract of land for $35,000 in 2018 when he heard that a new shopping mall was going to be developed in the area and the land was projected to be worth $250,000. Anthony had been misinformed, as a mall was never planned for that location. In 2022, Anthony sells the land for $15,000. Ignoring any limitations, Anthony can claim what loss in 2022? a. $0 b. $20,000 c. $215,000 d.