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Hope Sustained a $3,600 Casualty Loss Due to a Severe

Question 77

Multiple Choice

Hope sustained a $3,600 casualty loss due to a severe storm.She also incurred a $800 loss from a theft in the same year.Both the casualty and theft involved personal-use property.Hope's AGI for the year is $25,000 and she does not have insurance coverage.Hope's deductible casualty loss is


A) $1,700.
B) $1,800.
C) $4,200.
D) $4,300.

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