Gwen Had the Following Occur in the Current Year: •

Gwen had the following occur in the current year: • Car wreck - repairs were $2,000, insurance paid $1,000.
• fteft of boat from lake house in December - fair market value = $10,000, cost = $15,000. She didn't discover the theft until the next taxable year.
• Storm damage to lake house - FMV before = $200,000, after = $150,000, insurance paid $20,000.
If Gwen's AGI is $60,000, what is her net casualty loss deduction in the current year?

A) $0
B) $24,800
C) $36,700
D) $41,000
E) None of the above