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Problem 5-63 (LO 5-5) Reynaldo and Sonya, a married couple, had flood damage in their home due to a dam break near their home in

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Problem 5-63 (LO 5-5) Reynaldo and Sonya, a married couple, had flood damage in their home due to a dam break near their home in 2020, which was declared a Federally Designated Disaster Area. The flood damage ruined the furniture that was stored in their garage. The following items were completely destroyed and not salvageable: Fust Prior to Original Iten Danaged Item Damage Cost (Basis) Antique ponter bed 59,400 $ 6,700 Pool table 9,125 15,675 Flat-screen TV 1,550 5,475 Required: Their homeowner's insurance policy had a $12,295 deductible for the personal property, which was deducted from their insurance reimbursement of $17,375, resulting in a net payment of $5.080. Their AGI for 2020 was $36.000 What is the amount of casualty loss that Reynaldo and Sonya can claim on their joint return for 2020? County logoduchon

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