The IRS has issued guidance for individuals who realized losses to their residences and personal belongings due to natural disasters, including losses due to Hurricanes Harvey, Irma and Maria. The guidance provides safe harbor methods of calculating casualty and theft loss deductions. Taxpayers who have realized a loss to their personal residence, and were not […]
The post Casualty Loss Safe Harbors Provided (IR-2017-202; Rev. Proc. 2018-8; Rev. Proc. 2018-9) appeared first on Tax & Accounting Blog.