Examlex
Match the following:
-Type of movement that allows you to carry a soup bowl
Casualty Losses
Financial losses resulting from sudden, unexpected, or unusual events such as natural disasters, theft, or accidents, which may be deductible.
Adjusted Gross Income
Gross income after certain adjustments have been made, used as the basis for calculating taxable income on an individual's tax return.
Casualty Loss Deduction
A tax deduction that allows individuals to deduct certain property losses resulting from a sudden, unexpected, or unusual event.
Personal Property
Assets or belongings that are not permanently attached to or part of real estate; includes both tangible items like cars and furniture, and intangible items like stocks and bonds.
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