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In 2019, Morley, a Single Taxpayer, Had an AGI of $30,000

Question 81

Multiple Choice

In 2019, Morley, a single taxpayer, had an AGI of $30,000 before considering the following items:  Loss from damage to rental property ($6,000)  Loss from theft of bonds (3,000)  Personal casualty gain 4,000 Personal casualty loss (after $100 floor)  (9,000) \begin{array} { l r } \text { Loss from damage to rental property } & ( \$ 6,000 ) \\\text { Loss from theft of bonds } & ( 3,000 ) \\\text { Personal casualty gain } & 4,000 \\\text { Personal casualty loss (after } \$ 100 \text { floor) } & ( 9,000 ) \end{array} The personal casualties occurred in a Federally declared disaster area.Determine the amount of Morley's itemized deduction from the losses.


A) $0
B) $2,900
C) $5,120
D) $5,600
E) None of these.

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