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on 58 (1 point) Listen Determine the net deductible casualty loss on the Schedule A for Nicholas when his adjusted gross income was $40,000 in 2020 and the following occurred: ADJUSTED FMV FMV INSURANCE ASSET BASIS BEFORE AFTER REIMBURSEMENT A $800 $2.000 $ 500 $ 100 B 14,000 17,000 5,000 1,100 600 3,000 2,275 125 A and B were destroyed in the same casualty in March. C was destroyed in a separate casualty in July. All casualty losses were nonbusiness personal use property losses and occurred in a federally declared disaster area. What is the amount of the net deductible casualty loss? (Show all calculations in good form.)