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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 2019, 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: Damaged Items Antique poster bed Pool table Flat-screen TV Original FNV Just Prior to Item Cost Damage (Basis) $6,400 $ 5,200 7,250 11,550 800 2,850 Required: Their homeowner's insurance policy had a $10,270 deductible for the personal property, which was deducted from their insurance reimbursement of $13.250, resulting in a net payment of $2,980. Their AGI for 2019 was $36,000. What is the amount of casualty loss that Reynaldo and Sonya can claim on their joint return for 2019? Casualty loss deduction

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