: Alicia was involved in an automobile accident in 2019. Her car was used 60% for business and 40% for personal use. The car had
originally cost $40,000. At the time of the accident, the car was worth $20,000 and Alicia had taken $8,000 of depreciation. The car was totally destroyed and Alicia had let her car insurance expire. If Alicia’s AGI is $50,000 (before considering the loss), determine her itemized deduction for the casualty loss. a: $34,000; $0 b: $50,000; $0 c: $34,000; $4,500 d: $26,000; $5,700 e: none of these
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