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In client-related trading, which of these areas have historically been some of the most profitable, but also experienced major losses during the financial crisis of 2008-2009?
Schedule A
A form attached to Form 1040 allowing taxpayers to itemize deductions such as medical expenses, taxes paid, interest, and charitable contributions.
Theft Losses
Financial deductions allowed for stolen property, subject to certain conditions and limitations.
Tax Year
The 12-month period for which an individual or entity reports income and files a tax return, which may align with the calendar year or a fiscal year.
Personal Casualty Losses
are financial losses resulting from the damage, destruction, or loss of personal property from sudden, unexpected, or unusual events.
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