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J
jadelake
June 4, 2019
Question

My rental house in Hawaii was affected by the volcanic eruption in 2018. It's value dropped a lot, but it is still usable. Can I deduct any of the lost value?

  • June 4, 2019
  • 1 reply
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    1 reply

    M
    MinhT1
    June 4, 2019

    No, unfortunately you cannot deduct the decrease in market value of your rental property. This loss is an unrealized loss which will be realized only when you sell the property.

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