Don's personal auto was damaged in a wind storm this year. Don purchased the auto several years ago for $32,000 and it was worth $18,000 at the time of the storm. The damage was superficial, so Don decided not to repair the auto. Although Don collected $750 from his insurance company, the value of the auto dropped after the storm to $15,000. What is Don's tax deduction related to the damage?

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The Answer of Don's personal auto was damaged in a wind storm this year. Don purchased the auto several years ago for $32,000 and it was worth $18,000 at the time of the storm. The damage was superficial, so Don decided not to repair the auto. Although Don collected $750 from his insurance company, the value of the auto dropped after the storm to $15,000. What is Don's tax deduction related to the damage?

Don's Personal Auto Was Damaged in a Wind Storm This