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  • 27-05-2023
  • Business
Answered

Virginia’s automobile, used 100 percent for business, was completely destroyed by fire. The automobile had an adjusted basis of $12,000, and a fair market value of $15,000 before the fire. The automobile was uninsured. Virginia's AGI is $80,000. Virginia’s casualty loss deduction is:

Group of answer choices

$11,900

$12,000

$14,900

$3,900



Answer :

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