Belinda was involved in a boating accident in 2021. Her speedboat, which was used only for personal use and had a fair market value of $35,200 and an adjusted basis of $17,600, was completely destroyed. She received $12,320 from her insurance company. Her AGI for 2021 is $44,000. Belinda's tentative casualty loss before any limitations (i.e. $100 floor and AGI) is $ Is her loss currently deductible