Question: On May 2 0 , 2 0 2 2 , Jessica purchased land for $ 1 0 5 , 6 4 7 to use in

On May 20,2022, Jessica purchased land for $105,647 to use in a business. Jessica sold it on May 21,2023, for $103,685. What is the amount and type of loss on this sale if Jessica does not have any other sales from a trade or business?
Multiple Choice
$1,962 deferred loss
$1,962 long-term capital loss
$1,962 ordinary loss
$1,9621231 loss

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