13) Steve's house was destroyed in a tornado in 2023. He purchased the house for $150,000 in September 2012. The fair market value of the house before the tornado was $400,000 and the fair market value after the tornado was $200,000. His AGI for 2023 was $100,000. The President declared his town as a disaster area because of the tornado. How much can he deduct as a casualty loss in 2023?

$139,900

$150.000

$200.000

$140.000