this is taking place in 2018

10 points Mark had a structure that was destroyed by hurricane Michael, in a federally declared disaster arca. Unfortunately, he had no insurance coverage on the structure. He gives you the following information: Fair Market Value of Structure before casualty $12,000 Adjusted Basis of building 18,000 Mark's Adjusted Gross Income before casualty 5,000 (1) Compute his deduction assuming this structure was his personal residence. Show in your answer WHERE this deduction would be taken. Assume he will choose NOT to take the deduction in the previous year. (2) Compute his deduction assuming this structure was used in his business. Show in your answer WHERE this deduction would be taken