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Investors & landlords
Because you suffered damage to your property that was used for a rental and personal use, you have mixed-use property and your loss must be proportionately divided between the two types of usage. You will actually treat the event as if it were two separate losses. The $100 and 10 percent of AGI reduction applies only to the personal portion of the loss.
You will have to make two Casualty losses in TurboTax.
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March 22, 2025
3:36 PM