Business, 26.07.2019 06:20 solobiancaa

Sandra's automobile, which is used exclusively in her trade or business, was damaged in an accident. the adjusted basis prior to the accident was $11,000. the fair market value before the accident was $10,000 and the fair market value after the accident is $6,000. insurance proceeds of $3,200 are received. what is sandra's adjusted basis for the automobile after the casualty?

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Sandra's automobile, which is used exclusively in her trade or business, was damaged in an accident....