A flood damaged an auto owned by Mr.and Mrs.South on June 15 of this year.The car was only used for personal purposes. Based on these facts,what is the amount of the South's casualty loss deduction after limitations for this year?
A)$900
B)$1,000
C)$4,400
D)$4,500

Question

A flood damaged an auto owned by Mr.and Mrs.South on June 15 of this year.The car was only used for personal purposes.  Based on these facts,what is the amount of the South's casualty loss deduction after limitations for this year?
A)$900 
B)$1,000 
C)$4,400 
D)$4,500

Quizplus · Accepted Answer

The Answer of A flood damaged an auto owned by Mr.and Mrs.South on June 15 of this year.The car was only used for personal purposes.  Based on these facts,what is the amount of the South's casualty loss deduction after limitations for this year?
A)$900 
B)$1,000 
C)$4,400 
D)$4,500

A Flood Damaged an Auto Owned by Mr