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#1
04-12-2005, 09:14 PM
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 Re: casualty loss with standard deduction? fermat wrote: - quote - > Can one take a casualty loss along with the standard
Only for business property.> deduction? << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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04-12-2005, 07:38 PM
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| Re: casualty loss with standard deduction? damscot9[at]aol.com (fermat) asked: - quote - > Can one take a casualty loss along with the
No can do. You must itemize in order to claim a casualty> standard deduction? deduction, and the 10% of AGI limitation usually wipes it out. Bill << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
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#-1
04-11-2005, 05:35 PM
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| casualty loss with standard deduction? Hello Can one take a casualty loss along with the standard deduction? << -------------------------------------------------> << The Charter and the Guidelines for submitting > << messages to this newsgroup are at www.asktax.org > << -------------------------------------------------> |
| Tags |
| casualty, deduction, loss, standard |
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