. LO 5.5Compute the deduction for casualty and theft losses? Wilbur DuVal has an apartment full of antique furniture. A re in the apartment destroys a large part of his furnishings. The destroyed furnishings had a fair market value of $40,000, and Wilbur's original basis in the furnishings was $33,75 0. He recovers $13,000 from his in3urance company. Wilblu"s adjusted gross income for 2014 is $43,000. Use Form 4684 below to repon: Wilbur's loss