Jewel's home was completely destroyed by a wildfire in 2018 in an area declared a national disaster. The building had an appraised value of $185,000 before the fire. Four years ago Jewel paid $160,000 for the house and the land, with $25,000 of the price allocated to the land.

What is Jewel's loss on the fire, assuming no insurance?

What is her deductible loss if her adjusted gross income is $40,000?

What is Jewel's realized gain or loss if she receives $190,000 from the insurance company to rebuild the home?

What is her recognized gain if she uses only $130,000 of the insurance proceeds to rebuild a smaller replacement residence on the same land?