Arturo, a calendar year taxpayer, paid $28,000 in medical expenses and sustained a $33,600 casualty loss in 2020 (the loss occurred in a Federally declared disaster area). He expects $19,600 of the medical expenses and $23,520 of the casualty loss to be reimbursed by insurance companies in 2021. How much can Arturo include in determining his itemized deductions for 2020

Which of the following best explains why buying a house is more beneficial than renting? a. buying is a personal investment while renting involves giving money to the landlord. b. the monthly payments on a mortgage are generally lower than rent on an apartment. c. it's easier to sell a house than it is to get a landlord to break a rental agreement. d. housing prices can go up and down quickly in comparison to the level of rents.