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Phillip Gunther's classic automobile was completely destroyed in a fire at the storage unit where he had it garaged. The insurance company paid $10,000 on

Phillip Gunther's classic automobile was completely destroyed in a fire at the storage unit where he had it garaged. The insurance company paid $10,000 on the vehicle. The auto's fair market value was $28,000, and his basis in it was $22,000. Phillip's AGI is $55,000.

What is the amount of Phillip's deductible casualty loss?

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