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Business, 15.07.2019 06:50 nicolemaefahey

Glenn and mary's house was damaged by a hurricane in 2017. the fair value of their home before the hurricane was $150,000. after the hurricane, the fair value of their home was $125,000. they received $10,000 from their homeowners' insurance policy. what is their casualty loss deduction for 2017, if their adjusted gross income was $40,000?

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Glenn and mary's house was damaged by a hurricane in 2017. the fair value of their home before the h...
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