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Business, 09.07.2020 01:01 kayla4352

Marin operates a manufacturing business, and this year the three-year-old van she used in the business was destroyed in a fire. The van was originally purchased for $23,000 and the adjusted basis was $5,425 at the time of the accident. Although the van was worth $6,300 at the time of accident, insurance only paid Marin $1,575 for the loss. What is the amount of Marin's casualty loss deduction

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Marin operates a manufacturing business, and this year the three-year-old van she used in the busine...
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