Irina's personal-use residence was destroyed in a fire in 2020. The fire was deemed a federally-declared disaster, but it is not a qualified disaster loss. Irina originally purchased the home for $250,000, and she has not made any capital improvements. Before the fire, the house was worth $500,000. After the fire, the house was worth $200,000. Irina received insurance proceeds of $200,000 as a result of the damage to the house. What amount can Irina deduct in 2020 as a result of her loss? Irina's adjusted gross income in 2020 is $50,000 and her adjusted gross income for 2021 is expected to be $55,000. Irina will itemize her deductions.