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  3. Study Set
    Fundamentals of Taxation
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    Exam 5: Itemized Deductions
  5. Question
    For Determination of Deductibility,all Personal Casualty Losses Incurred During the Year
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For Determination of Deductibility,all Personal Casualty Losses Incurred During the Year

Question 22

Question 22

True/False

For determination of deductibility,all personal casualty losses incurred during the year are added together and only one $100 floor amount is used to reduce the casualty deduction.

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