Amy had a rough year in 2020. While her AGI was $75,000 she was involved in many casualties. All of them involved her business property. Assets A, B, and were involved in the casualties. The basis of each of the assets was the following: A - $225,000, B - $300,000 and C - $150,000. The fair market value of each of the assets before the casualty took place was A- $175,000, B - $200,000 and C- $200,000. The fair market values of each of the assets after the casualty were A- $150,000, B-0, and C- $25,000. The insurance recoveries for each asset were A- $35,000, B- $50,000 and C-0. How much will Amy be able o deduct in computing her taxable income as a result of these casualties? Amy had a rough year in 2020. While her AGI was $75,000 she was involved in many casualties. All of them involved her business property. Assets A, B, and were involved in the casualties. The basis of each of the assets was the following: A - $225,000, B - $300,000 and C - $150,000. The fair market value of each of the assets before the casualty took place was A- $175,000, B - $200,000 and C- $200,000. The fair market values of each of the assets after the casualty were A- $150,000, B-0, and C- $25,000. The insurance recoveries for each asset were A- $35,000, B- $50,000 and C-0. How much will Amy be able o deduct in computing her taxable income as a result of these casualties