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Question 9 of 15. Which of the following statements regarding qualified disaster losses in FALSE? Qualified disaster relief includes any area declared a major disaster by reason of Covic 19 Losses may be deducted on the return for the year of the disaster or the preceding year. If a taxpayer has a financial loss to personal use property from a qualified disaster, the loss amount is first reduced by $500 per event. There to Godation The deductible lost is carried to Schedule A (Form 1040), line 16. Other Itomized Deduction. The standard deduction is also entered on this in the payer do col berat from trenger Mark for follow up Back Save / Return Later Summary Next MacBook Pro