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Wes owned a business which was destroyed by fire in May 2018. Details of his...

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Accounting

Wes owned a business which was destroyed by fire in May 2018. Details of his losses follow:

Adj. FMV FMV Insurance

Asset Basis Before After Reimbursement

A $1,000 $2,000 $ 0 $2,000

B 15,000 10,000 3,000 2,000

C 2,400 5,000 2,500 1,000

His AGI without consideration of the casualty is $45,000.

What is Wes's net casualty loss deduction for 2018?

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