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In August ,2019 , Colin 's home was destroyed by fire in a federal declared major disaster. His adjusted basis in the home at the
In August ,2019 , Colin 's home was destroyed by fire in a federal declared major disaster. His adjusted basis in the home at the time of the fire was $120,000. The home was worth $200,000 before the fire and $0 after the fire. What is the amount of Colin's casualty loss prior to inclusion of the loss limitation and AGI deductions?
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