a. A casualty loss on personal-use assets is generally not deductible.
b. A casualty loss on investment property is generally not deductible.
c. All casualty losses are deductible.
d. A casualty loss on personal-use asset is deductible for AGI.
e. None of the choices are correct.
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Home » Business » Which of the following is a true statement? a. A casualty loss on personal-use assets is generally not deductible. b. A casualty loss on investment property is generally not deductible. c. All casualty losses are deductible. d.