While Susan was on vacation in 2018, her home was hit by the storm and she...
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While Susan was on vacation in 2018, her home was hit by the storm and she lost the following items: $1,500 computer, $3,000 silverware, and $30,000 decrease in the value of house. Susan received $10,000 from the insurance company and her adjusted gross income is $60,000. Determine the total amount of Susan's itemized deductions resulting from the storm, if it's a Federally declared disaster. While Susan was on vacation in 2018, her home was hit by the storm and she lost the following items: $1,500 computer, $3,000 silverware, and $30,000 decrease in the value of house. Susan received $10,000 from the insurance company and her adjusted gross income is $60,000. Determine the total amount of Susan's itemized deductions resulting from the storm, if it's a Federally declared disaster.
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To determine Susans total itemized deductions resulting from the storm we nee... View the full answer
Related Book For
South Western Federal Taxation 2017 Comprehensive
ISBN: 9781305874169
40th Edition
Authors: William H. Hoffman, David M. Maloney, William A. Raabe, James C. Young
Posted Date:
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