Steve Keeps a Valuable Bonsai Collection in His Back Yard

question 30

Essay

Steve keeps a valuable bonsai collection in his back yard.In 2013,thieves disarmed his security system and stole several of the bonsai.The stolen bonsai had a fair market value and adjusted basis of $4,500.Assuming that Steve had no insurance coverage on the bonsai and his adjusted gross income for 2013 is
$30,000,calculate the amount of his theft loss deduction.

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Definitions:

Employees' Behavior

The actions and conduct of individuals within an organization, which can influence workplace dynamics, productivity, and culture.

Changing Attitudes

The process or experience of altering one's views, beliefs, or feelings towards a particular subject or entity.

360-Degree Appraisals

A performance appraisal method that involves feedback from a circle of sources including superiors, peers, and subordinates.

Immediate Supervisor

An individual's direct overseer in a work environment, responsible for overseeing their day-to-day tasks.