Form 4684 allows individuals, businesses and estates to claim deductions against any unexpected losses due to theft or disasters. These deductions can help reduce taxable income, but they come with ...
Dear Tax Talk, We have some damage in our house that needs repair but is not covered by insurance. Can I recover that loss by claiming a loss on my taxes? The adjuster mentioned this may be possible.
Personal property losses that are not covered by insurance or other reimbursements may be deductible on your tax return. For details on eligible deductions, see IRS Form 4684, Casualties and Thefts, ...
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