Yes. Tax valuation is most times lower than actual appraised value. I say yes they will complain, but maybe not complain but perhaps recommend adjustments or proof of the valuation.
Honestly, I cannot say what IRS would do but if it is not the correct thing, I am sure the IRS will make adjustments. It is best to get or create a realistic value. @ColeenD3 gave great advice, ,PUB 547, for determining your Casualty loss. @BB_TX
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