As a result of an auto accident from which she later died,Irene totaled a Bentley worth $195,000.If the insurance company covers $60,000 of the loss,Irene's estate can claim a casualty loss of $135,000 in arriving at the taxable estate.

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The Answer of As a result of an auto accident from which she later died,Irene totaled a Bentley worth $195,000.If the insurance company covers $60,000 of the loss,Irene's estate can claim a casualty loss of $135,000 in arriving at the taxable estate.

As a Result of an Auto Accident from Which She