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A Flood Damaged an Auto Owned by Mr

Question 69

Multiple Choice

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. 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 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

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