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Business, 18.04.2020 03:53 itzdulce

Belinda was involved in a boating accident in 2019. Her speedboat, which was used only for personal use and had a fair market value of $28,000 and an adjusted basis of $14,000, was completely destroyed. She received $10,000 from her insurance company. Her AGI for 2019 is $37,000.

Belinda's casualty loss deduction (after any limitations) is :

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Belinda was involved in a boating accident in 2019. Her speedboat, which was used only for personal...
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