M Had Three Separate Casualties Involving Personal Use Property During

M had three separate casualties involving personal use property during the current year: M received insurance reimbursement as follows: $8,000 for damages to home; $700 for repair of car; and $5,000 for theft of silverware.Which of the following is not necessarily true concerning M's gains and losses?

A) M must report each separate gain or loss as a gain or loss from the sale or exchange of a capital asset.
B) M's personal casualty gain exceeds her personal casualty losses by $900.
C) If M's personal casualty losses had exceeded her gain, then only so much of the net loss as exceeds 10 percent of A.G.I.could have been taken as an itemized deduction.
D) M's personal casualty gains and/or losses are long-term.