Determine the net deductible casualty loss on Schedule A for Alan Michael when his adjusted gross income was $40,000 in 2017 and the following occurred:

A and B were destroyed in the same casualty in March.C was destroyed in a separate casualty in July.
All casualty losses were nonbusiness personal-use property losses and none occurred in a federally declared disaster area.
What is the amount of the net deductible casualty loss?

Question

Determine the net deductible casualty loss on Schedule A for Alan Michael when his adjusted gross income was $40,000 in 2017 and the following occurred:
  
A and B were destroyed in the same casualty in March.C was destroyed in a separate casualty in July.
All casualty losses were nonbusiness personal-use property losses and none occurred in a federally declared disaster area.
What is the amount of the net deductible casualty loss?

Quizplus · Accepted Answer

The Answer of Determine the net deductible casualty loss on Schedule A for Alan Michael when his adjusted gross income was $40,000 in 2017 and the following occurred:
  
A and B were destroyed in the same casualty in March.C was destroyed in a separate casualty in July.
All casualty losses were nonbusiness personal-use property losses and none occurred in a federally declared disaster area.
What is the amount of the net deductible casualty loss?

Determine the Net Deductible Casualty Loss on Schedule a for Alan