I understood, how to look in Table 5 to calculate the decrease in FMV. But where exactly does that decrease get entered in TurboTax for my loss? Turbo Tax just asks for "Cost basis" , reimbursement from insurance, FMV value before event and FMV value after event. IS that decrease applied to my home value or roof value? and then the adjused FMV entered into FMV after the event?
What do I use for "FMV (whether its home or roof) before event" ?
posted
last updated
June 04, 2019
3:16 PM