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Deductions & credits
Thank you for your response. The roof was replaced due to a declared disaster. Straight line, windstorm damage and hail damage.
the insurance company paid for a new roof, but not one that would withstand another hail storm. we purchased a higher grade roof . The difference in cost came out of pocket.
The homeowners insurance company actually increased our renewal fee rather than reduced it. No tax deduction or lower property value was given either.
a week ago