What policy reason do you think explains why losses on the personal-use property of individuals are nondeductible

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What policy reason do you think explains why losses on the personal-use property of individuals are nondeductible except for a limited amount of loss from involuntary conversions?

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Taxation For Decision Makers 2014

ISBN: 9781118654545

6th Edition

Authors: Shirley Dennis Escoffier, Karen Fortin

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Question Posted: Mar 22, 2016 03:49 AM

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What policy reason do you think explains why losses on the personal-use property of individuals are nondeductible

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The tax law allows a limited expensing of personal items through the st...View the full answer

Taxation For Decision Makers 2014

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