Solve the below problem:
Q: During the current year, Chuck's home was burglarized. Chuck had the following items stolen During the current year, Chuck's home was burglarized. Chuck had the following items stolen: Securities worth $20,000: Chuck purchased the securities three years ago for $8,000. A painting worth $10,000: Chuck purchased the painting two years ago for $12,000. An antique vase worth $800: Chuck purchased the vase five years ago for $500. Chuck's homeowner's insurance policy had a $50,000 deductible clause for thefts. If Chuck's salary for the year was $40,000, determine the amount of Chuck's itemized deduction as a result of the theft