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If a taxpayer suffers a casualty loss from a federally declared disaster area, when may the taxpayer choose to deduct that loss?Only on the current
If a taxpayer suffers a casualty loss from a federally declared disaster area, when may the taxpayer choose to deduct that loss?Only on the current year returnOn the current year return and the return for the following yearOnly on the return for the year following the disaster declarationOn the current year return or on an amended return for the tax year immediately preceding the tax year of the disaster
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