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Business, 03.05.2021 14:40 tess97

Jayden, a calendar year taxpayer, paid $16,000 in medical expenses and sustained a $20,000 casualty loss in 2020 (the loss occurred in a Federally declared disaster area). He expects $12,000 of the medical expenses and $14,000 of the casualty loss to be reimbursed by insurance companies in 2021. How much can Jayden include in determining his itemized deductions for 2020

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Jayden, a calendar year taxpayer, paid $16,000 in medical expenses and sustained a $20,000 casualty...
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