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Linda's AGI for the year is 30,000. Her residence sustained damage from hurricane Maria (a federally declared natural disaster) in the current year: Her adjusted
Linda's AGI for the year is 30,000. Her residence sustained damage from hurricane Maria (a federally declared natural disaster) in the current year: Her adjusted basis in the house: $150,000 Fair market value immediately before Maria $200,000 Fair market value immediately after Maria $180,000 How much will be her deductible casualty loss for the year? 147,000 146,900 17,000 16,900
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