In 2018, Arturos pleasure boat that he purchased in 2012 for $48,500 was destroyed by a hurricane
Question:
In 2018, Arturo’s pleasure boat that he purchased in 2012 for $48,500 was destroyed by a hurricane in a part of Florida that was declared a Federal Disaster Area. His loss was not totally covered by his insurance. On what form(s) will Arturo report this loss?
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On Form 4684 ...View the full answer
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