Question 9.9. In February 2013, Amelia's home, which originally cost $150,000, is damaged by a windstorm. Amelia had refinanced the home shortly before the storm, and it was appraised at $200,000. After the storm, the home appraised at $120,000. Amelia has received no insurance reimbursement by December 31, but expects to recover 90 percent of the loss. In the subsequent year, the insurance company pays Amelia $50,000. Amelia's AGI is $85,000 in 2013, and her 2014 AGI is $80,000. Amelia suffers no other casualty losses in either year. Amelia may deduct (Points : 4)

$7,900 in 2013. $22,000 in 2014. $13,900 in 2014. $14,000 in 2014.