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points Save Answer Alicia's automobile destroyed in a tornado on 5/4/2022. This did not occur in a Federally declared disaster ares. Her car was
points Save Answer Alicia's automobile destroyed in a tornado on 5/4/2022. This did not occur in a Federally declared disaster ares. Her car was used 70% for business and 30% for personal use. The car had originally cost $40,000. At the time of the accident, the car was worth $20,000 and Alicia had taken $8,000 of depreciation. The car was totally destroyed and Alicis had let her car insurance expire. Ifer AGL 550,000 (before considering the loss), determine ber AGI and itemized deduction for the casualty loss. $34,000,$-0. None of these O $34,000,$4,500 $30,000:$-0- $26,000,$5,700
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