Is the 100 floor on personal-use casualty loss imposed on


Question: Is the $100 floor on personal-use casualty loss imposed on each individual loss item if more than one item of property is destroyed in a single casualty? Is the floor imposed before or after the casualty gains are netted against the casualty losses? The response must be typed, single spaced, must be in times new roman font (size 12) and must follow the APA format.

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Accounting Basics: Is the 100 floor on personal-use casualty loss imposed on
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