Cora was in Europe from Thanksgiving of year 1 until early January of year 2.When she returned to her home, she found it had been broken into and jewelry with a fair market value of $40,000 and a basis of $54,000 was missing. Her adjusted gross incomes in years 1 and 2 are $56,000 and $72,000, respectively. If she is a calendaryear taxpayer, what is the amount of her theft deduction, and in what year is the deduction taken?

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