Casualty Losses. Tony is a carpenter who owns his own furniture manufacturing business. 1:9-49…


Casualty Losses. Tony is a carpenter who owns his own furniture manufacturing matter. 1:9-49 1:9-50 During the popular year, a tornado (a federally pretended anxiety) injured diverse pieces of equipment and destroyed his offer traffic and his single automobile, which he repeatedly kept in the workshop garage. The asset descriptions and kindred treasures are as follows:

Although he could nor allure its open trade treasure behind the casualties, Troy firm to relit rather than supply Equipment C. Before considering any waste consequently of these casualties, Troy's AGI is $80,000. What waste may Tony assume touching ro these losses?