@VDR wrote:
Can you please also look at my other questions that I posted today....
I have and will in one instance, but I am only going to tell you what I, personally, would do and this is not a recommendation in any way, shape, or form.
If one of my rentals were damaged in the amount of $40,000, I spent $40,000 restoring it to its original condition, and I collected $30,000 from my insurance company, then I would simply write off (deduct) the $10,000 for which I was not reimbursed from my insurance company.
