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Business & farm
Okay thanks, that being said, would it be more advantages to claim this as an expense or a casualty on form 4684? I'll be using this form for the unpaid difference between what the Insurance company paid out under a "Coverage limitation" and what they determined to be the Actual cash value of the barn. More than enough to meet the required 10% of our AGI. Or would you rather I posted this question under a new topic?
‎April 3, 2020
4:00 PM