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3.33 points During the year, Tyrone's personal residence was damaged by fire Tyrone's insurance covered $166,500.00 of the loss wuch he received in the same

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3.33 points During the year, Tyrone's personal residence was damaged by fire Tyrone's insurance covered $166,500.00 of the loss wuch he received in the same year of the fire. Tyrone had adjusted gross income, before considering the casualty stem, of $40,000 Pertinent data with respect to the residence follows Cost basis $185.000 Malue before casualty 250,000 Walue after casually 50,000 What is Tyrone's allowable casualty loss deduction . $14.400 b. $18,500 C. $4,000 d. 30 c. None of the above

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