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April 13, 2025
Question

Natural disaster cost basis value of destroyed property

  • April 13, 2025
  • 0 replies
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We lost a lanai, mailbox, and yard light during Hurricane Ian.  It has taken a year to replace.    How do we factor the cost basis for the lanai?  Also we had a roof loss during Hurricane Milton in 2024.  How do we factor the cost basis of the roof?