During the Year,Shipra's Apartment Is Burglarized and Her TV and Stereo

Multiple Choice

During the year,Shipra's apartment is burglarized and her TV and stereo are taken.Her basis in the TV is $1,200 and it has a fair market value of $700.Her basis in the stereo is $400 and it has a fair market value of $600.What is Shipra's theft loss deduction (before considering the annual limitation based upon AGI) ?

A) $- 0 -
B) $900
C) $1,000
D) $1,200
E) $1,300