Question: Xuxa Buys a $ 1 , 0 0 0 , 0 0 0 Condo in Naples, Florida as a personal residence in 2 0 2

Xuxa Buys a $1,000,000 Condo in Naples, Florida as a personal residence in 2024. In 2025, the Real estate market collapses and in a panic, she sells the Condo for $850,000. How much of her loss is deductible?

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