Jackson Jumper has owned a beach house for the last 20 years. In 2018, a hurricane destroyed his beach house and the beach was determined to be a federally declared disaster area. His adjusted basis in the house was \(\$ 200,000\) but the FMV was \(\$ 270,000\) because of the resort areas developing around his property. The house was insured for only \(\$ 170,000\). What is Jackson's casualty and theft loss for the year assuming a \(\$ 100,000\) adjusted gross income?