Business, 20.03.2020 23:06 sam2019

Hope sustained a $3,600 casualty loss due to a severe storm. She also incurred a $800 loss from a theft in the same year. Both the casualty and theft involved personal-use property. Hope's AGI for the year is $25,000 and she does not have insurance coverage.

Hope's deductible casualty loss is?

a. $1,700,

b. $1,800,

c. $4,200,

d. $4,300

Answers: 3

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Hope sustained a $3,600 casualty loss due to a severe storm. She also incurred a $800 loss from a th...

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