What casualty loss deduction from this accident can jim, Ask an Expert

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Jim was in an auto accident this year. Jim paid $2,450 to repair his car after the accident, and his insurance only reimbursed him $400. Jim bought his car several years ago for $15,000. What casualty loss deduction from this accident can Jim combine with his other casualty losses in computing his itemized deductions?

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Financial Accounting, Accounting

Category:- Financial Accounting
Reference No.:- M9413021

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