ABC, Inc. of Jasper, Georgia suffered a casualty loss of $150,000 in March 2018. This loss was caused by heavy rains that completely flooded their factory. As a result of these rains, the President declared North Georgia (including Jasper) a disaster area on March 23, 2018. In what year can ABC, Inc. elect to deduct the casualty loss?

		2017 or 2018
		2016 or 2017
		2017
		2016