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Deductions & credits
I'm using the term "residence" to describe all land and attached structures. (I also had damage to pool equipment also not covered by insurance.) Form4684 requires listing the property that suffered loss.
Is it necessary to be specific a) trees, b) pool equip, etc. or can all this be rolled up via a legal property description?
FMV is just taken from the county tax roll and replacement cost deducted to arrive at FMV after the event (line items 5 & 6 on F4684). Any issues with this approach?
March 19, 2022
6:38 AM