My home was damaged by Hurricane Sandy. Can I deduct the total cost of damages as my insurance company will not cover a natural disaster?
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Wray Rives CPA CGMA
You can take a deduction for casualty loss on the home. You may want to read IRS Publication 547 for more information on casualty losses in disaster areas. www.irs.gov/pub/irs-pdf/p547.pdf
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555 weeks ago