Wes owned a business which was destroyed by fire in May 2016.Details of his losses follow:
His AGI without consideration of the casualty is $45,000.
What is Wes's net casualty loss deduction for 2016?
Definitions:
No Crowds
The absence of a large group of people gathered together, often implying a place or situation that is not busy or congested.
Shopping Malls
Large indoor complexes that house a wide variety of retail stores, eateries, and often entertainment facilities.
Noisy
Characterized by or making a lot of sound, especially of a kind that is unpleasant or disturbing.
Modern Features
Current and advanced characteristics or facilities provided by technology or services.
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