In 2020, the Redfeather's vacation cottage was severely damaged by an earthquake in a location that was a Presidentially Declared Disaster area. They had an Act of $110.000 in 2020, and following is information related to the cottage Cost basis FMV before casualty FMV after casualty $ 95,000 135,000 20, eee The Redfeather's had insurance and received an $80,000 insurance settlement. What is the amount of allowable casualty loss deduction for the Redfeathers in 2020 before the AG and event limitation? Multiple Choice $45,000 O $14,900. O $15,000. O $3,900