In 2019, Grunt's personal residence was completely destroyed by a hurricane. The hurricane was declared a disaster by the President Grant was insured for 80% of his actual loss, and he received 200,000 insurance settlement had adjusted grous income, before considering the casualty item, of $30,000. Pertinent data with respect to the residence follow Cost basis $280,000 Vale before casualty 250,000 Value whermally 0 What is Grant's allowable casualty loss deduction? O10 546,900 c. 550.000 8.576.900 50,000