Good evening, Marc T.:
Thank you so very much for the response. Do you believe I am correct in then using the amount per roofer contract as the amount of casualty loss incurred in 2024 on Form 4684 or Schedule A? Does it matter if some was paid in 2025 due agreed upon payment schedule? Can I still record the whole amount as a loss in 2024?
If any FEMA reimbursement does not have to be reported and I know I will not get any insurance reimbursement, would it make sense to proceed with filing our return? This was the only item we had open.
Thank you so much for your time and knowledge sharing!!
Regards,
MamaC1
