Deductions & credits

Hi  Gisele,

Appreciate your kind response. Since I got gain via insurance claims of $28K that is much less than my casualty loss due to criminal contractor of $60K, can I report loss of $32K ($60 minus $28K) using form 4684? I believe this is probably the only way we can get little bit compensation due to criminal contractor who has 

Please help!
Tks!
Liang