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Neal, single and age 37, has the following items for 2018: Salary Casualty loss on business property Casualty loss on rental property $50,000 (8,000) (5,000)

Neal, single and age 37, has the following items for 2018: Salary Casualty loss on business property Casualty loss on rental property $50,000 (8,000) (5,000) Federal disaster area personal casualty gains Federal disaster area personal casualty losses (after $100 floor) Interest expense and taxes on personal residence 3,000 (12.500) (11.400) Determine Neal's taxable income for 2018

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