Posted by **Lourane** on Sunday, November 25, 2012 at 4:27pm.

Abel's car ws completely destroyed in an accident that was his fault. His loss was $8,500 and his insurance company reimbursed him $6,500. What amount of casualty loss can Abel claim on his return (before deduction limitations)?

a. $0

b. $2,000

c. $6,500

d. $8,500

is the correct answer b

- income tax -
**Writeacher**, Sunday, November 25, 2012 at 6:38pm
Yes.

- income tax -
**Anonymous**, Sunday, October 30, 2016 at 3:18pm
2,000

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