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The tax treatment of uninsured losses: O is the same as the financial reporting of insured losses O allows for a firm to choose when
The tax treatment of uninsured losses: O is the same as the financial reporting of insured losses O allows for a firm to choose when the loss will be deducted - either when the loss is incurred or when it is paid O is the same for insurance companies and non-insurance companies requires that the loss be deducted in the year it is paid
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