If business property is fully destroyed as a result of a casualty,the loss is equal to the decrease in the fair market value of the property.

Name: If business property is fully destroyed as a result of a casualty,the loss is equal to the decrease in the fair market value of the property.
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If business property is fully destroyed as a result of a casualty, the loss is equal to the adjusted basis of the property, not the decrease in fair market value.

If Business Property Is Fully Destroyed as a Result of a Casualty,the