What are the tax consequences of these items to Tucker

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Problem - During the current year, Tucker had the following personal casualty gains and losses (after deducting the $100 floor):

Asset

Holding Period

Gain or (Loss)

Asset 1

18 months

($1,200)

Asset 2

2 months

750

Asset 3

3 years

1,500

Required - What are the tax consequences of these items to Tucker?

Reference no: EM132657096

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