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Casualty Loss Deductions (FEMA DR-4586TX)
Lost 2 oak trees (30 yrs old), significant damage to 3 others in 2021 storm.
No coverage by home insurance.
Since my residence is in the declared event area, all associated loss is fully deductible.
Can I use quoted replacement costs to reduce the FMV of the residence at time of the event when calculating loss? (Quote is from local nursery by certified arborist.)
March 19, 2022
6:02 AM