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Question 7 (1 point) Listen Regarding the $6,000 loss from a windstorm for Mary and Jack's vacation townhome in Clearwater, Florida, using IRS Publication
Question 7 (1 point) Listen Regarding the $6,000 loss from a windstorm for Mary and Jack's vacation townhome in Clearwater, Florida, using IRS Publication 547, Casualties, Disasters, and Thefts, what is the tax treatment of the $3,000 loss after insurance recovery? Deductible on Schedule E in the amount of $3,000 Deductible for AGI on Schedule 1 Deductible on Form 4684 in the amount of $2,000 Deductible on Schedule A in the amount of $3,000
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