Belinda was involved in a boating accident in 2019. Her speedboat, which was used only for personal use and had a fair market value of $50,000 and an adjusted basis of $25,000, was completely destroyed. She received $17,500 from her insurance company. Her AGI for 2019 is $62,500. Belinda's tentative casualty loss before any limitations (i.e. $100 floor and AGI) is $ 1,150 X. Is her loss currently deductible? Only to the extent the loss can offset other personal casualty gains