Federal Tax Research 10th Edition by Roby Sawyers,William Raabe,Gerald Whittenburg,Steven Gill

تمرين 75

Three years ago, Geraldine bought a Kandinsky painting for her art collection from a mail-order advertisement for $310,000. This year, Geraldine's art dealer told her that the painting was actually painted by Kansky and is not worth more than $310. What is her deductible loss upon discovery of the forgery