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Business, 22.03.2021 21:00 bloodmoonangel01

Belinda was involved in a boating accident in 2020. Her speedboat, which was used only for personal use and had a fair market value of $47,600 and an adjusted basis of $23,800, was completely destroyed. She received $16,660 from her insurance company. Her AGI for 2020 is $59,500. Belinda's tentative casualty loss before any limitations (i. e. $100 floor and AGI) is $fill in the blank 1. Is her loss currently deductible

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Belinda was involved in a boating accident in 2020. Her speedboat, which was used only for personal...
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