Agenda 3/8 BA 128A. Questions from lecture Review Chapter 8 &9 Assignment - I8-42,51,59 I9-51,56 Additional problems - I9-61,69. Losses and Bad Debts. Losses incurred in investment/trade or business - generally deductible Theft/Casualty loss on personal assets - deductible
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Total destruction adjusted basis smaller of
adjusted Basis or reduction in FMV
Partial destruction smaller of
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