Casualties and thefts involving personal-use property are treated as capital gains and losses if the gains exceed the losses from such events for a particular year.

Name: Casualties and thefts involving personal-use property are treated as capital gains and losses if the gains exceed the losses from such events for a particular year.
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Question

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Casualties and thefts involving personal-use property are treated as capital gains and losses if the gains exceed the losses from such events for a particular year.

Casualties and Thefts Involving Personal-Use Property Are Treated as Capital