Which a casualty loss in the federally declared disaster

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Problem 1: Which a casualty loss in the federally declared disaster area may be deducted

1) only in the tax year immediately preceding the casualty event

2) only in the year in which the casualty occurred

3) either in the year in with the casualty occurred or the year immediately following the casualty event

4) either in the year in with the casualty occured or the tax year immediately preceding the casualty event

Reference no: EM132712872

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