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  3. Study Set
    Federal Taxation
  4. Exam
    Exam 24: Losses and Bad Debts
  5. Question
    In the Case of Casualty Losses of Personal-Use Property,the Losses
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In the Case of Casualty Losses of Personal-Use Property,the Losses

Question 69

Question 69

True/False

In the case of casualty losses of personal-use property,the losses sustained in each separate casualty are reduced by both $100 and 10 percent of the taxpayer's AGI for the year.

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