In 2012, Wally had the following insured personal casualty losses (arising from one casualty).Wally also had $42,000 AGI for the year before considering the casualty. Wally's casualty loss deduction is:

Question

In 2012, Wally had the following insured personal casualty losses (arising from one casualty).Wally also had $42,000 AGI for the year before considering the casualty.  Wally's casualty loss deduction is:

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The Answer of In 2012, Wally had the following insured personal casualty losses (arising from one casualty).Wally also had $42,000 AGI for the year before considering the casualty.  Wally's casualty loss deduction is:

In 2012, Wally Had the Following Insured Personal Casualty Losses