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Sam and Jane, with an Adjusted Gross Income of $ 5 0 , 0 0 0 , had their house flooded in a federally declared

Sam and Jane, with an Adjusted Gross Income of $

50, 000,

had their house flooded in a federally declared disaster

area. Their uninsured loss is $

15, 000 .

Their basis in the

home is $

200, 000 .

How much can they deduct?

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