Wes owned a business which was destroyed by fire in May 2017.Details of his losses follow:
His AGI without consideration of the casualty is $45,000.
What is Wes's net casualty loss deduction for 2017?
Definitions:
Helping Intern
A trainee or student working, often without pay, in a helping capacity, such as counseling or social work, to gain practical experience.
Anxiety
A psychological condition marked by intense worry, nervousness, or dread that significantly disrupts daily functioning.
Supervisory Style
The method and approach a supervisor uses to oversee, guide, and support their employees or team.
Helping Trainees
The act of supporting and guiding individuals who are in the process of acquiring new skills or knowledge.
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