Albert purchased a tract of land for $140,000 in 2009 when he heard that a new highway was going to be constructed through the property and that the land would soon be worth $200,000.Highway engineers surveyed the property and indicated that he would probably get $180,000.The highway project was abandoned in 2012 and the value of the land fell to $100,000.What is the amount of loss Albert can claim in 2012?
A)$40,000.
B)$60,000.
C)$80,000.
D)$100,000.
E)None of the above.

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The Answer of Albert purchased a tract of land for $140,000 in 2009 when he heard that a new highway was going to be constructed through the property and that the land would soon be worth $200,000.Highway engineers surveyed the property and indicated that he would probably get $180,000.The highway project was abandoned in 2012 and the value of the land fell to $100,000.What is the amount of loss Albert can claim in 2012?
A)$40,000.
B)$60,000.
C)$80,000.
D)$100,000.
E)None of the above.

Albert Purchased a Tract of Land for $140,000 in 2009