John Had Adjusted Gross Income of $60,000 in 2018

question 177

Multiple Choice

John had adjusted gross income of $60,000 in 2018.During the year his personal use summer home was damaged by a fire.Pertinent data with respect to the home follows: John had an accident with his personal use car.As a result of the accident, John was cited with reckless driving and willful negligence.Pertinent data with respect to the car follows:
What is John's itemized casualty loss deduction?

• A)$0
• B)$2,000
• C)$17,000
• D)$18,000
• E)None of the above