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Billy had silverware worth $20,000 (basis of $25,00) stolen from his home. During the year he had a salary of $,000 and no other deductions.

Billy had silverware worth $20,000 (basis of $25,00) stolen from his home. During the year he had a salary of $,000 and no other deductions. Compute Billy's itemized deduction from the theft of silverware. a. $0 b. $15,900 c$19,500 d.$2,0 e. None of the above

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