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QUESTION
Daniel's cabin was destroyed in a massive tornado in 2016. After consideration of insurance, he has a loss of $15,000. The President of the United...
Daniel's cabin was destroyed in a massive tornado in 2016. After consideration of insurance, he has a loss of $15,000. The President of the United States has declared the area a disaster area. Daniel can deduct this loss in
A) 2015.
B) 2016.
C) 2017.
D) either 2015 or 2016.
