Question: Travis has AGI equal to $ 9 5 , 0 0 0 . His home was in the path of a wildfire and was completely

Travis has AGI equal to $95,000. His home was in the path of a wildfire and was completely destroyed. The wildfire resulted in a federal disaster declaration for the area in which Travis lived. Later that month, Travis's car was stolen from his parking garage. Travis's house was worth $120,000 and his car was valued at $18,000. Travis's insurance reimbursed him $95,000 for the home and $7,000 for his car. What is Travis's casualty and theft loss deduction?
\table[[,Home,,Car,Total],[,120,000,,18,000,24,900],[Insurance Reimbursement,(95,000),,(7,000),10,900],[,25,000,,11,000,35,800],[$100 event floor,(100),,(100), AGI floor)
Travis has AGI equal to $ 9 5 , 0 0 0 . His home

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