In 2019, Morley, a single taxpayer, had an AGI of $30,000 before considering the following items: $$\begin{array} { l r }
\text { Loss from damage to rental property } & ( \$ 6,000 ) \
\text { Loss from theft of bonds } & ( 3,000 ) \
\text { Personal casualty gain } & 4,000 \
\text { Personal casualty loss (after } \$ 100 \text { floor) } & ( 9,000 )
\end{array}$$ The personal casualties occurred in a Federally declared disaster area.Determine the amount of Morley's itemized deduction from the losses.

Question

In 2019, Morley, a single taxpayer, had an AGI of $30,000 before considering the following items: $$\begin{array} { l r } 
\text { Loss from damage to rental property } & ( \$ 6,000 ) \
\text { Loss from theft of bonds } & ( 3,000 ) \
\text { Personal casualty gain } & 4,000 \
\text { Personal casualty loss (after } \$ 100 \text { floor) } & ( 9,000 )
\end{array}$$ The personal casualties occurred in a Federally declared disaster area.Determine the amount of Morley's itemized deduction from the losses.

Quizplus · Accepted Answer

The Answer of In 2019, Morley, a single taxpayer, had an AGI of $30,000 before considering the following items: $$\begin{array} { l r } 
\text { Loss from damage to rental property } & ( \$ 6,000 ) \
\text { Loss from theft of bonds } & ( 3,000 ) \
\text { Personal casualty gain } & 4,000 \
\text { Personal casualty loss (after } \$ 100 \text { floor) } & ( 9,000 )
\end{array}$$ The personal casualties occurred in a Federally declared disaster area.Determine the amount of Morley's itemized deduction from the losses.

In 2019, Morley, a Single Taxpayer, Had an AGI of $30,000