T's personal boat is damaged in a hurricane.The damage is appraised at $300, and the appraiser charges a $50 fee.T's A.G.I.this year is $100,000.If the insurer reimburses T $250, what amount related to this casualty may be deductible from A.G.I.?
A) $0
B) $50
C) $100
D) $350
Correct Answer:
Verified
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