South West Florida Real Estate
Hurricane Ian Casuialty Loss Appraisals
December 2nd, 2022 3:37 AM
Homeowners whose houses were damage by Hurricane Ian may be able to claim a casualty loss deduction on their taxes. This involves an appraisal of the property in question before and after Hurrican Ian to determine the loss of value. The pre hurricae appraisal involves a review of MLS listings, if any, and public records and permits. Homeowners will need to provide additional information regarding the property before the storm including recent updates, repairs, and renovations. Photos are especially helpful.
The post hurricane appraisal is an as-is opinion of value based on recent sales of similar properties.
It is recommended homeowners consult with tax professionals to ensure they are eligible and proper procedures are followed. More information can be found by searching the irs web site for Publication 547. Feel free to contact me with any questions regarding these appraisals.
Posted in:
General
and tagged:
appraisal
hurricane ian
damage
storm surge
flood damage
Posted by TERRY CALDWELL on December 2nd, 2022 3:37 AM
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Causality loss appraisal 1702 se 40th st 33904 Will have repair estimates in a day or two Complication is need a rough idea before end of year to do ira drawdown Any chance i can at least get a rough idea if you can’t get before end of year? 724-448-1775
Posted by Dennis Ansell on December 15th, 2022 2:18 AM
Our home was flooded during Ian. Am interested in Casualty Loss Appraisals. My cell is 708-476-6455
Posted by Ed Lode on September 15th, 2023 3:37 AM
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