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Terry has a casualty gain of $1,000 and a casualty loss of $5,400, before the $100 floor and before the adjusted gross income limitation. The

Terry has a casualty gain of $1,000 and a casualty loss of $5,400, before the $100 floor and before the adjusted gross income limitation. The gain and loss were the result of two seperate casualties occuring during 2015 and both properties were personal use assets.

If Terry itemizes deductions on her 2015 return and has adjusted gross income of $25,000, what is Terry's gain or net itemized deduction as a result of these casualties?

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