During the year, Rick had the following insured personal casualty losses (arising from one casualty). Rick also had $18,000 AGI for the year.

Fair Market Value

Asset Adjusted Basis Before After Insurance Recovery

A $500 $700 $300 $100

B $3,000 $2,000 -0- $500

C $700 $900 -0- $200

Ricks casualty loss deduction is:

A) $400

B) $600

C) $1,000

D) $1,400