In 2017, the president of the United States declared a federal disaster due to brush fires in the Southwest.  Lisa lives in that area and lost her home in the fires. What choice does she have regarding when she can claim the loss on her tax return?

a. It may be claimed in 2016 or 2017.

b. It must be claimed in 2016 if the loss is greater than her Modified Adjusted Gross Income.

c. It may be claimed in 2018 if an election is filed with the 2017 return.

d. It must be claimed in 2016 if the return has not been filed by the date of the loss.