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February 16, 2021
Question

Rental Property

  • February 16, 2021
  • 1 reply
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I have a rental property that was damaged in Hurricane Sally. I looked a eligible disasters and wasn't sure if Sally qualified because it was after the date that came up.

I received an insurance check in 2020 but most of the work was done in 2021

    1 reply

    February 16, 2021

    Hurricane Sally was an eligible disaster for IRS purposes, and the date that the repair work was done has no effect on your tax situation.

     

    IRS Tax Relief in Disaster Situations (2020 List)