How does an expected insurance reimbursement for a business casualty loss affect the amount of a casualty

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How does an expected insurance reimbursement for a business casualty loss affect the amount of a casualty loss deduction? Does it make a difference whether an expected insurance reimbursement for business casualty loss differs from the actual insurance reimbursement when the claim is settled?

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CCH Federal Taxation Basic Principles 2020

ISBN: 9780808051787

2020 Edition

Authors: Ephraim P. Smith, Philip J. Harmelink, James R. Hasselback

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