Danny's living room furniture and his flat screen television were damaged in a fire in his home in January2016. In March2016, his golf cart was damaged in a flood. He was able to establish the following information to determine his losses on these assets.

Danny's AGI is $37,000 before considering these casualties and he has $10,000 of other itemized deductions. Determine Danny's deductible casualty loss for 2016.

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FMV after FMV before casualty Insurance Cost Date Purchased Asset casualty $1,100 1,500 2,000 recovery $2,000 3,200 1,500 Television Furniture Golf Cart 10 months ago $4,600 $5,000 3,000 11 years ago 8 months ago 5,500 6,500 7,000