Wes owned a business which was destroyed by fire in May 2016.Details of his losses follow:
His AGI without consideration of the casualty is $45,000.
What is Wes's net casualty loss deduction for 2016?

Question

Wes owned a business which was destroyed by fire in May 2016.Details of his losses follow:
  His AGI without consideration of the casualty is $45,000.
What is Wes's net casualty loss deduction for 2016?

Quizplus · Accepted Answer

The Answer of Wes owned a business which was destroyed by fire in May 2016.Details of his losses follow:
  His AGI without consideration of the casualty is $45,000.
What is Wes's net casualty loss deduction for 2016?

Wes Owned a Business Which Was Destroyed by Fire in May