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Determine the Net Deductible Casualty Loss on the Schedule a for Alan

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Essay

Determine the net deductible casualty loss on the Schedule A for Alan Michael when his adjusted gross income was $40,000 in 2015 and the following occurred: Determine the net deductible casualty loss on the Schedule A for Alan Michael when his adjusted gross income was $40,000 in 2015 and the following occurred:   A and B were destroyed in the same casualty in March. C was destroyed in a separate casualty in July. All casualty losses were nonbusiness personal use property losses and none occurred in a federally declared disaster area. What is the amount of the net deductible casualty loss? A and B were destroyed in the same casualty in March. C was destroyed in a separate casualty in July.
All casualty losses were nonbusiness personal use property losses and none occurred in a federally declared disaster area.
What is the amount of the net deductible casualty loss?


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