Sanford is in the farming business. During the year, a tornado destroyed one of his barns. The adjusted basis of the barn was $90,000. The amount of the damage was complete destruction. The barn was not insured. Supposing Sanford has adjusted gross income for the year of $100,000 (before considering the $90,000 loss), determine the amount of loss he can deduct on his income tax return for the current year.

$0 $90,000 $89,900 $79,900 None of the above