Disaster related loss
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Suffered a Disaster-Related Loss in 2018? FEMA Designation Controls
January 31, 2019 6:04 AM
For decades, U.S. taxpayers who have suffered casualty and theft losses after a wildfire, hurricane, earthquake, tornado, or another natural disaster have been able to deduct disaster-related costs from the next year's federal income tax return. Because natural disasters can slow insurance processing times and...
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