A flood damaged an auto owned by Mr.and Mrs.South on June 15 of this year.The car was only used for personal purposes. 
Based on these facts,what is the amount of the South's casualty loss deduction after limitations for this year?
Definitions:
Expected Return
The weighted average of all possible returns from an investment, considering the probabilities of each outcome.
Efficient Frontier
A concept in modern portfolio theory representing the set of optimal portfolios that offer the highest expected return for a defined level of risk or the lowest risk for a given level of expected return.
Standard Deviation
A statistic that measures the dispersion of a dataset relative to its mean and is used as a measure of volatility.
Expected Return
The predicted yield or gains an investor anticipates on an investment, based on historical or statistical measures.
Q5: If a principal residence is sold before
Q22: Under the cash method of accounting,all expenses
Q28: Individual taxpayers can offset portfolio income with
Q35: Riva borrows $10,000 that she intends to
Q35: Everest Corp.acquires a machine (seven-year property)on January
Q54: Brandon,a single taxpayer,had a loss of $48,000
Q55: Hope sustained a $3,600 casualty loss due
Q77: The basis of an asset must be
Q101: If each party in a like-kind exchange
Q121: Martin Corporation granted a nonqualified stock option