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Property Losses and Your Taxes

Property Losses and Your Taxes

Irrecoverable Property Loss? The IRS Could Be Your Friend. Even though we are big fans of insurance and its valuable place in your protection planning, we also understand this basic truth: No one wants to have a claim.
However losses not fully recoverable from your insurance might be considered tax deductible loses on your individual income taxes. This article includes tips and references on how to do that.

 

 

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Property Losses and Your Taxes