Don operates a taxi business, and this year one of his taxis was damaged in a traffic accident. The taxi was originally purchased for $26,000 and the adjusted basis was $1,800 at the time of the accident. The taxi was repaired at a cost of $2,600 and insurance reimbursed Don $712 of this cost. What is the amount of Don's casualty loss deduction? Multiple Choice Don is not eligible for a casualty loss deduction $1,088 $2,600 $1,800