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Reference no: EM13505746

Constance, who is single, is in an automobile accident in 2010, and her car sustains $6,200 in damages. Because both drivers received tickets in the accident, Constance does not expect to recover any of the loss from her insurance company. Constance's 2010 AGI is $31,000. Her casualty loss is $3,000; she has other itemized deductions of $1,200. In 2011, Constance's insurance company reimburses her $2,800. Constance's 2011 AGI is $28,000. As a result, Constance must


A. amend the 2010 return to show the $200 loss.
B. do nothing and simply keep the $2,800.
C. amend the 2010 return to show $0 loss and file her 2011 return to show $200 loss.
D. do nothing to the 2010 return but report $2,800 of income on her 2011 return.

 

Reference no: EM13505746

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