Abbi owns Mountain View Tours, a sight seeing business in Colorado. She operates Mountain
View as a sole proprietorship and it is a full tradebusiness Abbi is unmarried and has no
children or dependents. She also pays $ for health insurance and has $ in other
medical expenses. She has the following items from her business below ignore any possible
QBI Deduction:
Revenue: $
Utilities: $
Advertising: $
Secretary Salary: $
Payroll Taxes: $
SelfEmployment Tax: $
Business Meals Expense: $
Supplies: $
Depreciation: $
During the year, a tornado partially destroys Mountain View's Headquarters. The fair market
value of the building immediately before the disaster was $ The fair market value of
the building afterwards was $ Abbi purchased the building years ago for $
Standard Deduction: $
What is Abbi's deductible amount from her casualty loss?
Gross Income
Adjusted Gross Income
Taxable Income
