Diane's engagement ring is stolen in the current year.It cost $1,500 and was worth $1,500.Diane makes $30,000 as an office manager and has no other income.What is her casualty loss deduction?

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The Answer of Diane's engagement ring is stolen in the current year.It cost $1,500 and was worth $1,500.Diane makes $30,000 as an office manager and has no other income.What is her casualty loss deduction?

Diane's Engagement Ring Is Stolen in the Current Year