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Those who are claiming Hurricane Sandy damage on taxes..please come in.
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Seta
LIF Adolescent
Member since 1/07 566 total posts
Name:
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Those who are claiming Hurricane Sandy damage on taxes..please come in.
I was advised by my accountant to list all personal items that were lost, and that were not covered by my insurance/fema. He also said that I needed to list a "thrift" value for each item.
How did you determine your item's value?
TIA.
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Posted 3/9/13 10:21 AM  |
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Long Island Weddings
Long Island's Largest Bridal Resource |
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Re: Those who are claiming Hurricane Sandy damage on taxes..please come in.
I am going to speak to my SIL about this. She is our accountant.
My neighbor across the street told me he claimed on his taxes and got a lot back.
I feel kind of funny though, because we did get a lot of help from FEMA and DH did all the work himself.
That saved us SO much money.
I will let you know what she says. I am seeing her about it tomorrow.
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| Posted 3/9/13 11:39 AM |
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LSP2005
Bunny kisses are so cute!
Member since 5/05 19461 total posts
Name:
L
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Re: Those who are claiming Hurricane Sandy damage on taxes..please come in.
Do you have any receipts? Could you go on amazon and see how much the type of items you lost sell for today? I would ask your accountant if he wants present value or depreciated values.
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| Posted 3/9/13 12:30 PM |
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Seta
LIF Adolescent
Member since 1/07 566 total posts
Name:
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Re: Those who are claiming Hurricane Sandy damage on taxes..please come in.
Posted by MorningCuppaCoffee
I am going to speak to my SIL about this. She is our accountant.
My neighbor across the street told me he claimed on his taxes and got a lot back.
I feel kind of funny though, because we did get a lot of help from FEMA and DH did all the work himself.
That saved us SO much money.
I will let you know what she says. I am seeing her about it tomorrow.
Message edited 3/9/2013 3:52:19 PM.
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| Posted 3/9/13 3:50 PM |
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Seta
LIF Adolescent
Member since 1/07 566 total posts
Name:
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Re: Those who are claiming Hurricane Sandy damage on taxes..please come in.
Posted by Seta
Posted by MorningCuppaCoffee
I am going to speak to my SIL about this. She is our accountant.
My neighbor across the street told me he claimed on his taxes and got a lot back.
I feel kind of funny though, because we did get a lot of help from FEMA and DH did all the work himself.
That saved us SO much money.
I will let you know what she says. I am seeing her about it tomorrow.
Thanks so much..I appreciate it. FEMA unfortunatly only covered our heater and washer/dryer...we had a full basement apartment fully furnished and stored tons of personal items down there....who knew? There was never water in the entire 30+ years of the house's history. I have pictures of everything destroyed, but no receipts..my accountant did say if I ever got audited that your credit card statements can show purchases...but who knows when things were acually bought?
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| Posted 3/9/13 3:51 PM |
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