Exercise 7-26 (Algorithmic) (LO. 4) Belinda was involved in a boating accident in 2018. Her speedboat, which was used only for personal use and had a fair market value of $31,200 and an adjusted basis of $15,600, was completely destroyed. She received $10,920 from her insurance company. Her AGI for 2018 is $39,000. Belinda's tentative casualty loss before any limitations is $. Is her loss currently deductible?

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