Question: On May 2 0 , 2 0 2 2 , Jessica purchased land for $ 1 0 7 , 2 9 9 to use in

On May 20,2022, Jessica purchased land for $107,299 to use in a business. Jessica sold it on May 21,2023, for $104,595. What is the amount and type of loss on this sale if Jessica does not have any other sales from a trade or business?

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