Exercise 7-24 (Algorithmic) (LO. 4) Belinda was involved in a boating accident in 2019. Her speedboat, which was used only for personal use and had a fair market value of $42,800 and an adjusted basis of $21,400, was completely destroyed. She received $14,980 from her insurance company. Her AGI for 2019 is $53,500. Belinda's tentative casualty loss before any limitations (i.e. $100 floor and AGI) is $ 1 9 70 x. Is her loss currently deductible? Only to the extent the loss can offset other personal casualty gains. X Feedback