Idaho Fires - Casualty Loss Deduction

As many of you prepare for this tax season, there may be questions that arise from losing personal property in the fires that affected Kamiah, Idaho and the surrounding areas in August of 2015. Some of those questions may be:

"Can I deduct property that was partially damaged?"

"Can I deduct property that was completely destroyed?"

If you want to save on taxes and you lost personal property in the fire, then give us a call. IRS allows casualty loss deductions through a simple calculation method. Visit the link below to see the IRS publication.

https://www.irs.gov/taxtopics/tc515.html

#kamiah #fire #casualtyloss #taxdeduction #IdahoFire

Featured Posts
Recent Posts
Archive
Search By Tags
No tags yet.
Follow Us
  • Facebook Basic Square
  • Twitter Basic Square
  • Google+ Basic Square

This website and its content is copyright of Vilensky & Company, LLC - © 2016 Vilensky & Company, LLC . All rights reserved.