In 2019, Wally had the following insured personal casualty losses (arising from one casualty in a Federally declared disaster area).Wally also had $42,000 AGI for the year before considering the casualty. Wally's casualty loss deduction is:

Question

In 2019, Wally had the following insured personal casualty losses (arising from one casualty in a Federally declared disaster area).Wally also had $42,000 AGI for the year before considering the casualty.  Wally's casualty loss deduction is:

Quizplus · Accepted Answer

The Answer of In 2019, Wally had the following insured personal casualty losses (arising from one casualty in a Federally declared disaster area).Wally also had $42,000 AGI for the year before considering the casualty.  Wally's casualty loss deduction is:

In 2019, Wally Had the Following Insured Personal Casualty Losses