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Business, 14.11.2019 00:31 emeraldchest99

In the current year, juan's home was burglarized. he had the following items stolen: ∙ securities worth $25,000. juan purchased the securities four years ago for $20,000. ∙ new tools that juan had purchased two weeks earlier for $8,000. he uses the tools in making repairs at an apartment house that he owns and manages. ∙ an antique worth $15,000. juan inherited the antique (a family keepsake) when the property was worth $11,000. juan's homeowner's policy had a $50,000 deductible clause for thefts. if his salary for the year is $50,000, determine the amount of his itemized deductions as a result of the theft. a.$6,000 b.$3,100 c.$26,500 d.$26,100 e. none of these choices are correct.

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In the current year, juan's home was burglarized. he had the following items stolen: ∙ securities w...
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