
Anonymous
Not applicable
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Investors & landlords
before you file your return, did you have insurance to cover this type of loss? if you did, did you file a claim? did you sue the tenant? What I'm getting at is that the IRS can deny the deduction for losses that are recoverable even if the taxpayer decides not to seek recovery. An exception to this is if the attempt to recover would be fruitless or cost more than is recoverable.
‎September 22, 2020
10:29 AM