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Abel's Car Was Completely Destroyed in an Accident That Was

Question 26

Multiple Choice

Abel's car was completely destroyed in an accident that was his fault. His loss was $8,500 and his insurance company reimbursed him $6,500. What amount of casualty loss can Abel claim on his return (beforedeductionlimitations) ?


A) $0
B) $2,000
C) $6,500
D) $8,500

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