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Please help
In July 2014, someone broke into Bea’s house and stole a diamond ring. The diamond ring had a fair market value of $10,000 and a tax basis to Bea of $7,600. The ring was uninsured. AGI $51,400
How do I find the loss if I don’t have a after market value, how do I find it? I am so lost on Casualty and theft.
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