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3. During the year Winthrop had the following separate events occur to his home: Decrease in FMV Vandalism Flood Burglary S 30.000 S 60,000 $
3. During the year Winthrop had the following separate events occur to his home: Decrease in FMV Vandalism Flood Burglary S 30.000 S 60,000 $ 18,000 Adjusted Basis S200,000 S 50,000 $ 5,000 Insurance Recovery S 10,000 S 20,000 $14,800 Winthrop's AGI was $80,000. Determine Winthrop's deductible casualty and theft loss. WINTHROP LIVES IN A FEDERAL DISASTER AREA
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