Don's personal auto was damaged in a windstorm this year.Don purchased the auto several years ago for $32,000 and it was worth $18,000 at the time of the storm.The damage was superficial, so Don decided not to repair the car.Although Don collected $750 from his insurance company, the value of the car dropped after the storm to $15,000.What is Don's tax deduction related to the damage?

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The Answer of Don's personal auto was damaged in a windstorm this year.Don purchased the auto several years ago for $32,000 and it was worth $18,000 at the time of the storm.The damage was superficial, so Don decided not to repair the car.Although Don collected $750 from his insurance company, the value of the car dropped after the storm to $15,000.What is Don's tax deduction related to the damage?

Don's Personal Auto Was Damaged in a Windstorm This Year