Hello,
My rental property has a large damage from the water leaking / streaming from the ceiling. Insurance will be covering restoration inside my unit. However, there are a few other big ticket expenses: mold restoration (insurance covers $5K only and remaining amount is on me), coil replacement of the air handler in the attic ($2K). Insurance is conducting liability investigation and then may cover expenses for the attic and the unit below damage restoration.
Just wondering what all I need to keep in mind and consider when I file 2023 taxes next year ?!?
Thanks!
