In 2022, Johnny's uninsured car (personal-use property) was damaged in a flood caused by a federally declared disaster. His adjusted basis in the car was $12,000. Its fair market value just prior to the flood was $6,000. Its fair market value immediately after the flood was $500. What is the amount of Johnny's casualty loss prior to considering the per-casualty loss limitations or the AGI deduction? $5,500$6,000$11,500$12,000 Mark for follow up