During the Year,alicia's Personal Summer Home Was Almost Completely Destroyed

Question 93
Multiple Choice

During the year,Alicia's personal summer home was almost completely destroyed by a fire started in a work room.She had adjusted gross income of $110,000 in 2016 and related data with respect to the summer home follows: Cost basis: $ 121,000 Value before casualty: $ 155,000 Value after casualty: $ 15,000 Alicia was partially insured for the loss and in 2016 she received a $100,000 insurance settlement.What is Alicia's allowable casualty loss deduction for 2016? A)$20,900. B)$55,000. C)$35,900. D)$9,900.