Question: In 2 0 2 4 , Morley, a single taxpayer, had an AGI of $ 3 0 , 0 0 0 before considering the following
In Morley, a single taxpayer, had an AGI of $ before considering the following items:
Loss from damage to rental property$
Loss from theft of bonds
Personal casualty gain
Personal casualty loss after $ floor
The personal casualties occurred in a Federallydeclared disaster area.
Determine the amount of Morleys itemized deduction from the losses.
Value before casualty
Value after casualty
What is Grants allowable casualty loss deduction?
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