When the Taxpayer Anticipates a Full Recovery on a Casualty

question 89

True/False

When the taxpayer anticipates a full recovery on a casualty loss of business property but receives less than full recovery in a subsequent year,the unrecovered portion may be deducted.

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Definitions:

Pitch

A term often used in music and acoustics to describe the perceived frequency of a sound, affecting how high or low it sounds.

Timing

The selection, judgment, or control of when something should happen or be done.

Active Listening

A technique of listening with all senses, as a way to ensure understanding, empathy, and engagement during communication.

Eye Contact

The act of looking directly into another person's eyes, often used as a form of nonverbal communication.