While Susan was on vacation during the current year, someone broke into her home and stole the following items:
? A computer used 60% in connection with Susan as an employee and 40% for her personal use.The cost of the computer was $8,000.Depreciation of $3,000 had been taken on the computer and it had a fair market value of $4,000 at the time of the theft.
? A painting that Susan purchased as an investment for $10,000 had a fair market value of
$17,000.
? Silverware purchased for $3,000 had a fair market value of $5,000.
? Cash of $30,000.
Susan's adjusted gross income, before considering any of these items, is $60,000.Determine the total amount of her itemized deductions resulting from the theft.
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