Sally is an employee of Blue Corporation. Last year, she purchased a very expensive computer with her own funds.
She used the computer 100% for business purposes. During the current year, the computer was completely destroyed in a fire. Blue Corporation did not reimburse her for her loss. Discuss whether Sally's loss will create or increase Sally's net operating loss.

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The Answer of Sally is an employee of Blue Corporation. Last year, she purchased a very expensive computer with her own funds.
She used the computer 100% for business purposes. During the current year, the computer was completely destroyed in a fire. Blue Corporation did not reimburse her for her loss. Discuss whether Sally's loss will create or increase Sally's net operating loss.

Sally Is an Employee of Blue Corporation