What should be entered in cost basis for a damaged basement, declared under FEMA. Is it the cost of the entire home or the approx cost of the basement?
What should be entered in cost basis for a damaged basement, declared under FEMA. Is it the cost of the entire home or the approx cost of the basement?
To clarify, can the basement be repaired or is the damage so great that the entire home is no longer salvageable?
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