Ben crashed his nefw car in 2021 while doing donuts in the high school parking lot. It was a complete loss. The fair market value of the car was $18,000.  He did not have insurance.  His AGI is $10,000.  What is the amount of his casualty loss in 2021

PREALGEBRA
15th Edition
ISBN:9781938168994
Author:OpenStax
Publisher:OpenStax
Chapter5: Decimals
Section5.1: Decimals
Problem 94E: Gerry saw a sign advertising postcards marked for sale at “10 for 0*990c.” What is wrong with the...
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Ben crashed his nefw car in 2021 while doing donuts in the high school parking lot. It was a complete loss. The fair market value of the car was $18,000.  He did not have insurance.  His AGI is $10,000.  What is the amount of his casualty loss in 2021

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