Hi PattiF
Thanks for response on FMV. I have a question about reporting Hurricane Ian loss on TT. I filled out cost basis and then the amount the insurance paid. I put in the FMV before the hurricane. My question is about the FMV after the hurricane. Do I subtract what the insurance company says is our total loss from the FMV before the hurricane? This number includes what the insurance company paid us plus our deductible. Also we only had $10,000 coverage on our pool cage but it costs $45,000. to replace it . Can I subtract the difference and include that in the FMV after the hurricane?
Thank you for your assistance.
