Friday, February 22, 2013

Tax Tips: Deducting Casualty Losses due to Hurricane Sandy








Deducting Casualty Losses in the Wake of Hurricane Sandy and Other Natural Disasters

Taxpayers who own property in the path of Hurricane Sandy that was designated a "Federally Declared Disaster Area" may be entitled to a Casualty Loss deduction.

At Extravagant Realty we can provide you the fair market value of the property before the casualty and its fair market value after the casualty.  This can be helpful for filing your 2012 tax returns.

This service will be offered to you for no fee.  As a community, we have each other's backs.  We may not all have been devastated by Hurricane Sandy, but we're all in this together.  We're here to help you get back on your feet.

Please do not hesitate to contact us for more information. Call 516-232-8885

 

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