Belinda was Involved in a boating accident in 2022. Her speedboat, which was used only for personal use and had a fair market value of $40,000 and an adjusted basis of $20,000, was completely destroyed. She received $14,000 from her Insurance company. Her AGI for 2022 is $50,000. Belinda's tentative casualty loss before any limitations (I.e. $100 floor and AGI) is $ Is her loss currently deductible?