2017 Income Taxes - Casualty Loss Deductions

3,815 Views | 2 Replies | Last: 6 yr ago by beerag04
combat wombat™
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AG
https://www.irs.gov/taxtopics/tc500/tc515

If your house flooded you may have a casualty loss deduction to take advantage of on your 2017 income tax return I've attached a link for you to read on it. Basically, if you have a loss after insurance reimbursement you may be able to deduct it on your income tax return make sure to talk to your CPA or tax preparer about this.

I apologize if this has been previously mentioned. However, I didn't want any of you to miss out on this deduction.

Other tax relief:

https://www.irs.gov/newsroom/tax-relief-for-victims-of-hurricane-harvey-in-texas
Aggie Athlete Involved
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RK
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AG
Loss calculator without having to have pre and post flood appraisal.


https://www.irs.gov/pub/irs-drop/rp-18-09.pdf
beerag04
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AG
Thank you! I have been trying to figure this out.
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