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    Federal Taxation
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    Exam 17: Property Transactions: Section 1231 and Recapture Provisions
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    A Personal Use Property Casualty Loss That Occurs in a Nonfederally
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A Personal Use Property Casualty Loss That Occurs in a Nonfederally

Question 30

Question 30

True/False

A personal use property casualty loss that occurs in a nonfederally declared disaster area is deductible only to the extent it exceeds 10% of AGI.

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