During the year a self-employed taxpaver had a warehouse completely destroyed by a tornado. The warehouse cost $100,000 and had an adjusted basis of $80,000. The insurance company paid the taxpayer 550,000 for the damages. How much, if any, can the taxpayer deduct in the current year? O a. 20,000 O b. 80,000 O c. 100.000 O d. 30.000 O e. 50,000