All of the following losses are deductible except
A)decline in value of securities.
B)total worthlessness of securities.
C)sale or exchange of business property.
D)destruction of personal use property by fire,storm,or casualty.

Question

Quizplus · Accepted Answer

A decline in the value of securities is not deductible as it is considered an unrealized loss. Only realized losses, such as total worthlessness of securities, sale or exchange of business property, or destruction of personal use property by casualty, are deductible.

All of the Following Losses Are Deductible Except