Question
How account for cost of home additions if accounted for in Federal Disaster Casualty loss in 2024?
We incurred substantial unreimbursed damage to our home in 2023/4 from Hurricane Helene. We took a casualty loss for the cost of the repairs less any reimbursement. My question is these items are additions to the value of our home that we paid for. So, when I am tracking the cost of our home and additions, do I add those items to the cost for consideration value if/when we sell the home or do I just note the additions made and not increase the cost for those items? We purchased a new roof, gutters and a back door.
