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  3. Study Set
    Federal Taxation
  4. Exam
    Exam 25: Losses and Bad Debts
  5. Question
    When the Taxpayer Anticipates a Full Recovery on a Casualty
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When the Taxpayer Anticipates a Full Recovery on a Casualty

Question 89

Question 89

True/False

When the taxpayer anticipates a full recovery on a casualty loss of business property but receives less than full recovery in a subsequent year,the unrecovered portion may be deducted.

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