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In 2019, the Rinaldis' vacation cottage was severely damaged by an earthquake in a location that was a Presidentially Declared Disaster area. They had AGI

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In 2019, the Rinaldis' vacation cottage was severely damaged by an earthquake in a location that was a Presidentially Declared Disaster area. They had AGI of $100,000 in 2019. Following is information related to the cottage. The Rinaldis had insurance and received an $50,000 insurance settlement. What is the amount of allowable casualty loss deduction for the Rinaldis in 2019 after the AGI and event limitation? Seleccione una: a. $34,100 b. $34,900 c. $24,900 d. $35,000 In 2019, the Rinaldis' vacation cottage was severely damaged by an earthquake in a location that was a Presidentially Declared Disaster area. They had AGI of $100,000 in 2019. Following is information related to the cottage. The Rinaldis had insurance and received an $50,000 insurance settlement. What is the amount of allowable casualty loss deduction for the Rinaldis in 2019 after the AGI and event limitation? Seleccione una: a. $34,100 b. $34,900 c. $24,900 d. $35,000

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