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Online walkstall

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« on: September 10, 2017, 10:15:39 AM »
For the people that had to bugged out from the Hurricane(s) as they are order out for safety.  Is that cost tax deductible?  Or is that an insurance problem?

I don't know as I have only lived through three good size earthquakes and one volcano eruption.
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Offline supsalemgr

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Re: Question
« Reply #1 on: September 10, 2017, 11:15:37 AM »
For the people that had to bugged out from the Hurricane(s) as they are order out for safety.  Is that cost tax deductible?  Or is that an insurance problem?

I don't know as I have only lived through three good size earthquakes and one volcano eruption.

There is a deduction for unreimbursed casualty losses. There may be an annual limit, but I believe those can be carried over to another year. A CPA would have to answer that question. Insurance payments are not taxable.
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