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June 5, 2019
Question

Can I claim the non-recoverable depreciation loss portion on my taxes after Hurricane Harvey?

  • June 5, 2019
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1 reply

June 5, 2019
June 5, 2019
No, this answer has nothing to do with non-recoverable depreciation loss. Non-recoverable depreciation loss on property from a hurricane is the portion of loss that the insurance company will not pay you for even if all repairs are done according to the detailed Loss Claim Summary. It is considered a LOSS of value due to the hurricane event.