ddc
New Member

How do I determine the fair market value for flood loss of household/personal items in the second column of Form 4684 for 2016 return?

I don't have receipts to get the original cost of any items, either.  Using an estimate of what such items would cost today, and then depreciating them, I can arrive at a Fair Market Value (before total loss) that way.  Will IRS accept that?  Also, I planned to include kitchen cabinets that were ruined (including matching upper cabinets).  Can I include damaged flooring as well?