Score: 0 of 1 pt 5of8(7 complete) HW Score: 81 25%, 6.5 of 8 pts Pl:8-48 (similar to) E Question Help Tuck is a carpenter who owns his own furniture manufacturing business. During Although he could not obtain its fair market value after the casualties, Tuck the current year, a tomado (a federally declared disaster) damaged several pieces decided to repair rather than replace Equipment C. Before considering any of equipment and destroyed his delivery truck and his personal automobile, which deductions because of these casualties, Tuck's AGI is $45,000 he often kept in the workshop garage. The asset descriptions and related values are as follows (Click the icon to view the descriptions and values.) Requirement What deductions may Tuck take relating to these losses? First complete the first portion of the analysis to determine the net business casualty loss deduction Tuck may take. In the following step, determine the personal casualty loss deduction Tuck may take relating to the tornado.(Enter a loss with a minus sign or parentheses. Complete all input fields. Enter a "O for any zero balances.) Asset FMV Before FMV After pCost toAdjusted Insurance Casualty Gain RepairReplace Basis Proceeds Loss) Equipment A S 13,600s 3,500s Equipment B Equipment C Not Available Not Available Delivery Truck Net business casualty loss deduction 145003400 32,000 10,300 s 11,500 9,000 14,500 4,600 5,900 11,000 12,700 8,200 16,200 16,000 15,100 Enter any number in the edit fields and then click Check Answer Clear All Check Answer part remaining hat deductions may Tuck take relating to these losses More Info de fo FMV Before FMV After Cost to Asset eplace Proceeds casialtyCasualtyRepairReplace Adjusted Basis Insurance 10.300 S 9,000 14,500 32,000 4,500 11,500 $ 3,400 16,200 15,100 20,000 4,600 5,900 11,000 12,700 4,500 Equipment A S 13,600 $ 3,500 $ B Equipment B Equipment C 8,200 Not AvailableNot Available uckDelivery Truck 16,000 6,000 Automobile ss ca Print Done