Niosha has AGI of $100,000 in 2014. During 2014, Niosha also had

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June 8th, 2024

Niosha has AGI of $100,000 in 2014. During 2014, Niosha also had an uninsuredpersonal casualty loss of $15,000 (after the $100 reduction). The personal casualtyloss related to an accident that Niosha had with Rose. Niosha carried no collisioninsurance and Rose was also an uninsured motorist. Assume Niosha itemizesdeductions in 2014. What is the casualty loss amount that Niosha may actuallydeduct?a. $15,000b. $10,000c. $5,000d. $0Refer to the facts in the previous question. However, for purposes of this questionassume that Niosha takes the standard deduction in 2014. What is the casualty lossamount that Niosha may deduct?a. $15,000b. $10,000c. $5,000d. $0

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