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What is her casualty loss deduction

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Reference no: EM133591943

Question: Habiba had a bad year and incurred the following: Loss of family heirloom china that was broken during a recent move $ 1,675 Decline in the FMV of her home due to a nearby tornado $27,500 Mischief, the family dog, accidentally chewed the hose to the sink that created a flood in the utility room causing damage $ 3,300 If Habiba's AGI is $88,000, what is her casualty loss deduction?

Reference no: EM133591943

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