John had adjusted gross income of $60,000 in 2019, before considering any casualty losses. During the year, his personal use home was damaged by a fire. This occurred in a federally declared disaster area. Pertinent data with respect to the home follows: Cost basis $260,000 Value before the fire Value after the fire Insurance recovery 400,000 100,000 270,000 John also had an accident with his personal use car. This did not occur in a federally declared disaster area. Pertinent data with respect to the car follows: Cost basis $80,000 Value before the 56,000 accident Value after the accident 20,000 Insurance recovery 18,000 How much is John's AGI after considering all casualties. $60,000 None of these $70,000