1. In 2017, Laura loaned $5,000 to Joshua, who agreed to repay the loan in two years. Let us assume that this is a business debt. In 2018, Joshua filed for personal bankruptcy. At that time, Laura learned that unsecured creditors (including Laura) were ultimately expected to receive 25 cents on the dollar. In 2019, settlement is made, and Laura receives only a $1. How much can Laura deduct in 2019?