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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 V(24 x 25 = 6) Adj. FMV FMV Insurance Asset Basis Before After Reimbursement A $1,200 $2,000 $900 $100 B 9,000 12,000 5,000 1,100 o 600 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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