Business, 22.04.2020 00:00 makaylaf16571

A hurricane (declared a federal disaster) damaged a personal auto owned by Mr. and Mrs. South on June 15, 2018. Fair market value before the flood $18,500 Fair market value after the flood 2,000 Cost basis 20,000 Insurance proceeds 13,000 Adjusted gross income for this year 25,000 Calculate the South's deductible casualty loss.

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A hurricane (declared a federal disaster) damaged a personal auto owned by Mr. and Mrs. South on Jun...

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