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kristelscruzgrl
January 9, 2025
Question

What should I put in the Cost Basis box for damages from a federal disaster?

  • January 9, 2025
  • 1 reply
  • 0 views
I had damage from a freeze and am trying to figure out what to put in the Cost Basis box

    1 reply

    AmyC
    AmyC
    Employee
    January 23, 2025

    Only you know what the value of the item was before the disaster. Your loss is the difference between the value before the disaster versus after the disaster.

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