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During 2020, Tranah incurred one personal loss due to a federally declared major disaster. The amount of loss after reimbursement is $6, 050. Tranah's AGI
During 2020, Tranah incurred one personal loss due to a federally declared major disaster. The amount of loss after reimbursement is $6, 050. Tranah's AGI is $40,000. How much does he reduce his loss by?
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