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Title: Lena owns a restaurant which was damaged by a tornado. The following assets were partially ... Post by: Augustus1 on Jan 9, 2017 Lena owns a restaurant which was damaged by a tornado. The following assets were partially destroyed:
Basis Reduction in FMV Insurance Payment Building $150,000 $200,000 $100,000 Equipment $30,000 $20,000 $10,000 Lena has AGI of $50,000. What is the amount of Lena's deductible casualty loss? A) $54,900 B) $60,000 C) $70,000 D) $180,000 Title: Re: Lena owns a restaurant which was damaged by a tornado. The following assets were partially ... Post by: Yoko900 on Jan 9, 2017 Content hidden
Title: Re: Lena owns a restaurant which was damaged by a tornado. The following assets were partially ... Post by: Augustus1 on Mar 19, 2017 Your explanation helped, amazing amazing!
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