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In 2021, Morley, a single taxpayer, had an AGI of $30,000 before considering the following items: Loss from damage to rental property Personal casualty gain
In 2021, Morley, a single taxpayer, had an AGI of $30,000 before considering the following items: Loss from damage to rental property Personal casualty gain Investment-loss (painting theft) Personal casualty loss (after $100 floor) ($6,000) (5,00 4,000 (9,000) All casualties gains and losses occurred after 3-1-21. Determine the amount of Morley's itemized deduction from the losses. $5,120 $5,500 $3,000 $2,900 None of these
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