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4. During the year, Rick had the following insured personal casualty losses arising from one casualty. Calculate the casualty loss amount for each of the

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4. During the year, Rick had the following insured personal casualty losses arising from one casualty. Calculate the casualty loss amount for each of the following items. (Fill in the blanks). (8 points) Adjusted Fair Market Value Insurance Casualty Asset basis Before After Recovery Loss $ 400 70 1,400 s 110 70 730 300 B. $4,500 3,100 0 C. $ 740 D. 650 930 0- 830 300 If Rick's AGI for the year is $18,000. How much is his casualty loss deduction after limitations

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