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April 3, 2020
Question

Lost marine bulkhead & pier in hurricane(Fed Disaster Area). Need to adjust rebuild cost by service life left for FMV. Is there IRS guidelines for ave. service life info?

  • April 3, 2020
  • 1 reply
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1 reply

ColeenD3
April 3, 2020

If your bulkhead is gone, as in washed away, your FMV is zero.