Belinda was involved in a boating accident in 2016 her, Financial Accounting

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Belinda was involved in a boating accident in 2016 her

Belinda was involved in a boating accident in 2016. Her speedboat, which was used only for personal use and had a fair market value of $28,000 and an adjusted basis of $14,000, was completely destroyed. She received $10,000 from her insurance company. Her AGI for 2016 is $37,000. What is Belinda's casuality loss deduction (after any limitations)?

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Financial Accounting: Belinda was involved in a boating accident in 2016 her

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Financial Accounting: Belinda was involved in a boating accident in 2016 her

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