I Maria is a plumber. Her three-year old van she used the business was destroyed...
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I Maria is a plumber. Her three-year old van she used the business was destroyed in a traffic accident. She originally purchased the van for $33,000 and the adjusted basis was $18,800 at the time of the time of the accident. Although the van was worth $15,000 at the time of accident, insurance paid Maria $16,200 for the loss. What is the amount of Maria's casualty loss deductions? None of the above No casualty loss deductions allowed 2,600 15,000 16,800 18,800
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