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What is allowable loss

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Question - Bea bought her home 10 years ago for $250,000. She converted it to a rental property with the value of the home is $200,000. She rents it for two years, during which time she claims allowable depreciation of $6000. She then sells it for $194,000. What is her allowable loss (before applying rules such as IRC section 1231 or limitations on capital losses)?

A) 0

b) 6000

c) 55,000

d) 56000

Reference no: EM132430234

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