During the current year, Carlos had securities stolen from his home. Carlos had paid $30,000 for the securities, but they were worth $75,000 at the…

During the current year, Carlos had securities stolen from his home. Carlos had paid $30,000 for the securities, but they were worth $75,000 at the time of the theft. Carlos had $75,000 of adjusted gross income for the year (before considering the loss) and no other itemized deductions. Determine Carlos’ deduction with respect to the theft