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Shaquille Robinson has adjusted gross income was $48.000 in 2020 Determine the net deductible casualty loss on Schedule A for Shaquille Robinson considering the following
Shaquille Robinson has adjusted gross income was $48.000 in 2020 Determine the net deductible casualty loss on Schedule A for Shaquille Robinson considering the following occurrence (24 x 25 = 6) Adj. FMV FMV Insurance Asset Basis Before After Reimbursement . $1,200 $2.000 $900 $100 B 9,000 12,000 5,000 1,100 800 3,000 2,075 125 All casualty losses were nonbusiness personal-use property loss and occurred in a federally declared disaster area in the same incident. What is the amount of Shaquille Robinson net deductible casualty loss
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