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The building used in Manuel's business was condemned by the city of Mobile.Manuel received a condemnation award of $220,000.He paid $800 in lawyer's fees and $600 for an appraisal of the property.Manuel's adjusted basis in the building was $120,000.Manuel reinvests in similar property costing $200,000,and Manuel makes the proper election regarding the property.Manuel's basis in the new building is
Pollution
The contamination of air, water, or soil by substances that are harmful to living organisms and the environment.
Fine and Ultrafine Particles
Tiny particles suspended in the air, smaller than 2.5 micrometers, which can penetrate deep into the lungs and are associated with health risks.
Coal Dust
Fine powdered form of coal, which is considered a hazardous material due to its potential to cause respiratory issues and its contribution to air pollution.
Insecticide Dust
A powdered substance containing chemicals used to kill insects, often applied to crops or within homes to control pests.
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