Question: Devtion tyour 1 - Cewtert 1 2 1 0 1 Rilcy operates a plumbing business, and this year the three - year - old van

Devtion tyour 1- Cewtert
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1
Rilcy operates a plumbing business, and this year the three-year-old van he used in the business was destroyed in a truffc acch originally purchased for $22,200, and the adjusted basis was $5,525 at the time of the accident. Although the van was worth $ accident, insurance only paid Rley $1,475 for the loss. What is the amount of Riley's casusty loss deduction?
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Devtion tyour 1 - Cewtert 1 2 1 0 1 Rilcy

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