Which one of the following is not considered a casualty or theft loss for tax purposes?
A) A taxpayer's residence is progressively destroyed by termites
B) A taxpayer's residence is burned down during a wild fire.
C) A taxpayer's car is destroyed by wild fire.
D) A taxpayer's bicycle is vandalized by local teenagers.
E) All of the above are casualty or theft losses.
Correct Answer:
Verified
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