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1 0.5 points Jesus Taxpayer had a piece of business-use equipment completely destroyed in a casualty in 2022. Immediately before the loss, the equipment had
1 0.5 points Jesus Taxpayer had a piece of business-use equipment completely destroyed in a casualty in 2022. Immediately before the loss, the equipment had a fair market value of $52,834 and an adjusted basis of $26,198. Jesus Taxpayer received insurance proceeds of $28,817. What is the amount of Jesus Taxpayer's casualty loss deduction or casualty gain in 2022? For this question, enter losses as a negative number and gains as a positive number. Type your answer... STUDY Flash Learm Next Weite
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