Which of the Following Events Would Produce a Deductible Loss

question 70

Multiple Choice

Which of the following events would produce a deductible loss?

• A)Erosion of personal use land due to rain or wind.
• B)Termite infestation of a personal residence over a several year period.
• C)Damages to personal automobile resulting from a taxpayer's negligence.
• D)A misplaced diamond ring.
• E)None of the above.

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Sixth Circuit

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