How are the rules for deducting personal casualty and theft losses different from the rules for business

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How are the rules for deducting personal casualty and theft losses different from the rules for business casualty and theft losses? Explain the difference in treatments and the rationale for the difference.

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Concepts In Federal Taxation

ISBN: 9780324379556

19th Edition

Authors: Kevin E. Murphy, Mark Higgins, Tonya K. Flesher

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Question Posted: Mar 29, 2013 03:12 AM

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How are the rules for deducting personal casualty and theft losses different from the rules for business

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The differences in the rules involve the measurement of the loss and limitations on the ...View the full answer

Concepts In Federal Taxation

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