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Determine the amount of itemized deductions

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Question - During 2017, Kyle, a single taxpayer, had an AGI of $90,000 before considering the following items:

Loss from damage to rental property ($15,000)

Loss from theft of bonds (4,000)

Personal casualty gain 15,000

Personal casualty loss (after $100 floor) (27,500)

Before considering the standard deduction, determine the amount of itemized deductions.

Reference no: EM132541002

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