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Rod had the following personal casualty in 2016: Decrease in fair market value due to casualty Adjusted Basis Insurance reimbursement Holding Period Rod's antique furniture

Rod had the following personal casualty in 2016:

	Decrease in fair market value due to casualty	Adjusted Basis	Insurance reimbursement	Holding Period
Rod's antique furniture was vandalized	$2500	$500	$1700	20 years

Calculate the amount and nature of Rod's gain or loss as a result of this casualty.

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