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Fair Market ValueIncidentAssetAdjusted BasisBeforeAfterInsurance RecoveryTornado * Painting$ 1 0 , 0 0 0 $ 1 8 , 0 0 0 - 0 - - 0
Fair Market ValueIncidentAssetAdjusted BasisBeforeAfterInsurance RecoveryTornadoPainting$$BurglaryTelevision$Car accidentVehicle$$$$$$ This area was declared a federal disaster. Rick was lucky, his house was spared. Unfortunately, he had placed the painting in a selfstorage unit and did not buy the special insurance.Rick's casualty loss deduction is:A $B $C $D $
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