casualty loss with standard deduction?


F

fermat

Hello
Can one take a casualty loss along with the standard
deduction?
 
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B

Bill

(e-mail address removed) (fermat) asked:
Can one take a casualty loss along with the
standard deduction?
No can do. You must itemize in order to claim a casualty
deduction, and the 10% of AGI limitation usually wipes it
out.

Bill
 
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