Research Problem 5. In June of the current year, Bob attended a party at a friend’s house.

Because of the amount of alcohol Bob consumed at the party, he asked a friend to drive him home. Several hours after arriving home, Bob decided to drive to his parents’ home.

On the way there, he failed to negotiate a turn, and his car slid off the road and rolled.

The car was extensively damaged from the rollover, but Bob was not severely injured. At the time of the accident, Bob’s blood-alcohol level was slightly over the state legal limit.

Hence, he was cited and arrested for driving under the influence of alcohol (DUI). Bob’s automobile insurance carrier denied his loss claim in accordance with the terms of his policy because of his DUI citation and arrest. As a result of the accident, Bob’s car suffered $35,000 of damages. Discuss whether Bob is entitled to a casualty loss deduction on his current year’s tax return.