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Hurricane Harvey casualty loss: final recovery expenses and insurance reimbursements are not known at this time. What is recommended action for filing 2017 tax return?
Most of the recovery expenses were incurred in 2017; but significant amounts remain in 2018. Insurance reimbursement was paid in 2018, which have not been fully accepted at this time. It will be at least several more months before all the expenses are known and even longer before final insurance claim is settled.
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‎June 1, 2019
11:23 AM