this is related to tax accounting

numbers are in thousands

Alfred a puberty trade. Ilves in Missouri On August 15 of the current year, tomado declared a federal disaster damaged tractor Alfred had purchased the tractor 3 years are for $15.000 The FMV of the tractor was $22.000 before the damage and $3.000 atterward. The tractor was insured, and Alfred was reimbursed 55,000 for the damage reds adjusted gross inne for the current year $70,000. What mount Can Aled deduct a cat loss in the current year! 51100 10 1600