Ok, this has been my approach so far. Taking for example the mobile home roof that was only partially destroyed, with an original cost of $2000, $660 depreciated to date. I am leaving this on my depreciation report as still in service. I am not claiming it as destroyed and removed from service on the date of the Hurricane, so no changes to it. But I am taking as a Casualty Loss the estimated cost to repair the roof, so I'm going into the Casualty Losses section of TurboTax and entering a Casualty Loss for the amount of the estimate, currently $1576.00, with a date acquired as being the date of the Hurricane (even though repairs haven't been made yet), the cost basis is my estimate, insurance reimbursement -0-, since there was none, FMV before loss $1576.00 (estimate to repair), FMV after loss -0-. From reading what the TCJA allows, I should be able to use my estimates as a method of computing Casualty Losses. Do this sound wacky? Will this work? Through an audit? Don't know.
