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In the event an area is declared by the President of the United states to warrant federal assistance, the casualty loss: a) may be deducted

In the event an area is declared by the President of the United states to warrant federal assistance, the casualty loss:

a) may be deducted in the yar that the loss relie is recieved from the governement

b) may be deducted in the year prior to the loss if a proper election is made

c) must be deducted in the year of loss

d) must be deducted in the year prior to the loss

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