For calendar year 2022, Stuart and Pamela Gibson file a joint return reflecting AGI of $350,000. Their

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For calendar year 2022, Stuart and Pamela Gibson file a joint return reflecting AGI of $350,000. Their itemized deductions are as follows:Casualty loss in a Federally declared disaster area (not covered by insurance; before the 10% -of-AGI

Calculate the amount of itemized deductions the Gibsons may claim for the year.

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South Western Federal Taxation 2023 Comprehensive Volume

ISBN: 9780357719688

46th Edition

Authors: Annette Nellen, Andrew D. Cuccia, Mark Persellin, James C. Young

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