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Casualty losses: A lighter side to disasters

$225.00

SKU: AFCwi184. Category: .

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Abstract: A dealership hit by a hurricane, flood or other natural disaster may be able to deduct casualty losses on its federal income tax return. This article discusses what does and doesn’t qualify as a casualty loss, and how a dealer-owner would calculate it. A special tax break for 2017 hurricane victims also is highlighted.

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