Question - John is a single taxpayer and has $35,000 for his AGI in 2015 without taking the following items into consideration:
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Loss from damage to rental property
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($6,000)
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Loss from theft of bonds
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(3,000)
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Personal casualty gain
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4,000
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Personal casualty loss (after $100 floor)
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(9,000)
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Determine the amount of John's itemized deduction from the losses.