Laura, who is single, has the following items for 2021: Salary$100,000. A hurricane completely destroyed Lauras duplex during the current year. Laura lived in one-half of the duplex and rented out the other half. Laura paid $600,000 for the duplex and has taken $90,000 of cost recovery on the rental portion of the duplex. The duplex was worth $720,000 at the time of the destruction. Lauras insurance policy paid her 90% of the fair market value of the duplex. After the storm, her county was declared a Federal disaster area. Household items destroyed in the hurricane had a basis of $15,000 and a fair market value of $9,500. There was no insurance recovery on the household items.

Laura purchased a painting three years ago for $6,000. At the time of the hurricane, the painting was worth $15,000. Laura purchased the painting as an investment with the intent that she would sell it when its value exceeded $20,000. There was no insurance recovery on the painting. Laura had an automobile accident in the current year. Laura used the car 100% for personal purposes. The car cost $37,000 and had a decline in FMV as a result of the accident of $5,000. The car was insured, but the policy had a $2,000 deductible clause. Laura chose not to file a claim for the damage. Laura owned a computer that she used 100% for business. The computer was also completely destroyed in the hurricane. It had a basis of $6,000 and a FMV of $2,000 at the time it was destroyed. Laura was not reimbursed by her employer for the loss on the computer.

Home mortgage interest$10,000.

Determine the amount of Lauras taxable income for 2021. (Show your answer in good form.)