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Which of the following is false?
Federally Declared Disaster Area
An area officially designated by the Federal Emergency Management Agency (FEMA) where significant damage has occurred due to natural or man-made disasters, making it eligible for federal aid.
Casualty Loss
A loss resulting from a sudden, unexpected, or unusual event such as a natural disaster, theft, or accident.
Taxpayer
An individual or entity that is obligated to pay taxes to a federal, state, or local government based on income earned, property owned, or consumption.
Casualty Loss Deduction
A tax deduction that allows taxpayers to deduct losses caused by sudden, unexpected or unusual events such as natural disasters, fires, or thefts.
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