Nova's diamond bracelet was stolen in 2011. She originally paid $9,800 for the bracelet, but it was worth considerably more at the time of the theft. Nova filed an insurance claim for the stolen bracelet, but the claim was denied. Because the insurance claim was denied, Nova took a casualty loss for the stolen bracelet on her 2011 tax return. In 2011, Nova had AGI of $72,000. In 2012, the insurance company had a change of heart and sent Nova a check for $6,300 for the stolen bracelet. The per event floor is $100.Nova should include $ in gross income in 2012.