Cora was in Europe from Thanksgiving of 2015 until early January of 2016. When she returned to her home, she found it had been broken into and jewelry with a fair market value of $40,000 and a basis of $54,000 was missing. Her adjusted gross incomes in 2015and 2016 are $56,000 and $72,000, respectively. If she is a calendar-year taxpayer, what is the amount of her theft deduction and in which year should she take the deduction?