Hurricane Wilma Casualty Loss
- From: "Les" <lester123_nospam@xxxxxxxxxxxx>
- Date: Mon, 30 Jan 2006 17:48:05 -0500
My parents live in southern Florida, and their condo was totally destroyed
by Hurricane Wilma. As yet they have not rebuilt but it looks like they are
significantly underinsurred. They have yet to get the insurance settlement.
I understand that 100% of the loss can be an itemized deduction, but for
which tax year - 2005 or 2006?
.
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