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Johnis a single taxpayer and has$35,000 for his AGI in 2015 without taking the following items into consideration: Loss from damage to rental property ($6,000)
Johnis a single taxpayer and has$35,000 for his AGI in 2015 without taking the following items into consideration:
Loss from damage to rental property | ($6,000) |
Loss from theft of bonds | (3,000) |
Personal casualty gain | 4,000 |
Personal casualty loss (after $100 floor) | (9,000) |
Determine the amount of Johns itemized deduction from the losses.
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