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Question 46 of 75. Ping has a qualified casualty loss of $12,700 on his personal-use property located in a federally declared disaster area. His

Question 46 of 75. Ping has a qualified casualty loss of $12,700 on his personal-use property located in a federally declared disaster area. His adjusted gross income (AGI) is $100,000. What is Ping's allowable casualty loss? $2,600 $2,700 212,000 $12,700

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