During the year, Greta's mountain cabin was almost completely destroyed by a fire started in the kitchen. She had adjusted gross income of $110,000 in 2018 and related data with respect to the cabin follows: Cost basis:$121,000Value before casualty:$155,000Value after casualty:$15,000Greta was partially insured for the loss and in 2018 she received a $100,000 insurance settlement. What is Greta's allowable casualty loss deduction for 2018?
A. $20,000.
B. $9,900.
C. $35,900.
D. $0.
Answer: D
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