Hank's home is burglarized on December 22, 20 times 4. Personal property with a fair market value of $40,000 and an adjusted basis to Hank of $25,000 is stolen. Hank's homeowner's insurance policy leads him to believe he is entitled to receive $15,000 in reimbursement for the event, but no settlement has been made with the insurance company by year-end. Hank's AGI in 20 times 4 is $30,000. How much may Hank deduct from AGI as a result of these facts on his 20 times 4 tax return? Assume Hank itemizes and assume there has still been no settlement with the insurance company at the time of filing. $21,900 $6,900 $22,000 $9,900