I have a similar fact pattern, had trees that were uprooted by Hurricane Helene and also a damaged dirveway / cart path. I have paid invoices from the contractors from the tree removal and for the cart path repair. Insurance payments were zero as it was deemed not covered. In this scenario, would I enter the amount of the contractor invoices as the cost basis, insurance reimbursement as 0? Also, on the next screen in Turbo Tax, what do I enter for the FMV Before Loss and for the FMV after loss? Assuming I enter the contractor's invoice value as the value for FMV Before Loss and enter 0 for FMV After Loss - is that correct?
