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Jamie had a deductible casualty loss of $5,000 on the 2021 tax return. In 2022, Jamie is reimbursed for $3,000 of the 2021 loss. Jamie
Jamie had a deductible casualty loss of $5,000 on the 2021 tax return. In 2022, Jamie is reimbursed for $3,000 of the 2021 loss. Jamie has a salary of $30,000 and experienced the loss from theft of securities of $1,000 and another casualty loss of $6,000 in 2022. How much does Jamie include in 2022 income related to the 2021 casualty loss?
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