2 a John Smith owns a house in Houston. The whole city suffrerd deep freeze in 2020. President declared Houston as disaster area on March 1, He bount the the house for $1 Million. On March 1 the house got fire and suffrred heavy losses. At the time of thehouse ws worth $1.5 Million. After the fire house was worth $500,000. His AGI is$320,000. Calculate his casualty loss for 2020. b What would be casualty loss if President had not declared Houston as. a disaster area