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USCPA考点每日解析：personal casualty loss

来源：高顿网校 2014-10-17

　　Topic： personal casualty loss

　　Content：

　　casual loss的计算 loss有遭台风的和wood rot的

　　1.What belongs to casualty loss, what do not?

　　√ Damage from a fire, storm, accident, mine cave-in, sonic boom, or loss from vandalism

　　× Losses from the breakage of china or glassware through handling or by a family pet

　　× Disease, termite, or moth damage

　　× Progressive deterioration through a steadily operating cause and damage from normal process

　　× Loss of future profit

　　2.How to calculate Loss= min(the decrease in the FMV of the property in the casualty, the adjusted basis of the property). The amount of loss must be reduced by

　　a. Any insurance or reimbursement, and

　　b. $100 floor for each separate nonbusiness casualty

　　Alex and Myra Burg, married and filing joint income tax returns, derive their entire income from the operation of their retail candy shop. Their 2013 adjusted gross income was $50,000. The Burgs itemized their deductions on Schedule A for 2013. The following unreimbursed cash expenditures were among those made by the Burgs during 2013:

　　Repair of residence damaged by hurricane, which originally cost $500,000 to purchase; fair value $600,000 before accident and $200,000 after

　　accident $9,000

　　Repair of residence damaged by wood rotten $2,000

　　Without regard to the $100 “fl oor” and the adjusted gross income percentage threshold, what amount should the Burgs deduct for the casualty loss in their itemized deductions on Schedule A for 2013?

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高顿网校特别提醒：已经报名2014年USCPA 考试的考生可按照复习计划有效进行！另外，高顿网校2013年USCPA考试辅导高清课程已经开通，通过针对性地讲解、训练、答疑、模考，对学习过程进行全程跟踪、分析、指导，可以帮助考生全面提升备考效果。

　　报考指南：2014年USCPA报考指南
　　考前冲刺：USCPA 考试试题考试辅导
　　高清网课：USCPA网络课程

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