Danny's living room furniture and his flat screen television were damaged in a fire in his home

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Danny's living room furniture and his flat screen television were damaged in a fire in his home in January 2013. In March 2013, his golf cart was damaged in a flood. He was able to establish the following information to determine his losses on these assets.
Danny's living room furniture and his flat screen television were

Danny's AGI is $37,000 before considering these casualties and he has $10,000 of other itemized deductions. Determine Danny's deductible casualty loss for 2013.

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Taxation For Decision Makers 2014

ISBN: 9781118654545

6th Edition

Authors: Shirley Dennis Escoffier, Karen Fortin

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