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. During 2021, Chris Sale (AGI = $25,000) had the following personal casualty loss:

 

∙ Adjusted basis: $6,000

 

∙ Fair market value before event: $5,000

 

∙ Fair market value after event: $0

 

∙ Insurance proceeds: $1,900

 

Assuming the loss is related to a federally declared disaster, what is the casualty and theft loss for Chris?

 

A. $3,100            B. $1,500              C. $0         D. $500              E. $600