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What is the amount of Mias loss

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Question - Three years ago, Mia purchased for $25,000 an automobile that she used for grocery shopping and family outings. She sold the car for $12,000 in May 2019. Mia sold no other assets in 2019, and her gross income consisted solely of salary income shown on her Form W-2 as an employee of ABC Corporation in the amount of $40,000. What is the amount of Mia's loss with respect to the sale of the automobile that may be used to offset her 2019 salary income?

a. $0

b. ($3,000)

c. ($12,000)

d. ($13,000)

e. ($25,000)

Reference no: EM132479734

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