ces Mc Graw Hill stly cloudy Reynaldo and Sonya, a married couple, had flood damage in their home due to a dam break near their home in 2021, which was declared a Federally Designated Disaster Area. The flood damage ruined the furniture that was stored in their garage. The following items were completely destroyed and not salvageable: Damaged Items Antique poster bed Pool table Large flat-screen TV FMV Just Prior to Damage $ 7,800 8,125 1,150 Original Item Cost (Basis) $ 5,900 13,475 4,075 Required: Their homeowner's insurance policy had a $11,215 deductible for the personal property, which was deducted from their insurance reimbursement of $15,175, resulting in a net payment of $3,960. Their AGI for 2021 was $43,000. What is the amount of casualty loss that Reynaldo and Sonya can claim on their joint return for 2021? Casualty loss deduction Q Search < Prev 2 of 6 Next >