Jeff owns a mountain chalet that he purchased in 1980 for $28,000. This year, the home appraised at $115,000. Shortly after the appraisal, a blizzard hit the area, destroying trees and severely damaging several homes, including Jeff's chalet. It's value was reduced to $75,000. Jeff does not have insurance. Jeff's AGI IS $90,000. Jeff's deductible loss after limitation is