Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Jun 4, 2019 5:49:00 PM

What is FMV mean before damage? My damage was trees, prperty is 33 years old. What do I put in FMV?

Just want to claim the 1450.00 for taking down damaged trees, please help me?

0 1 770
1 Best answer
New Member
Jun 4, 2019 5:49:02 PM

If you only want to claim removal costs, your loss was $1450. 

For FMV of the trees before the damage, use $1450; after they were removed, the FMV was $0.

1 Replies
New Member
Jun 4, 2019 5:49:02 PM

If you only want to claim removal costs, your loss was $1450. 

For FMV of the trees before the damage, use $1450; after they were removed, the FMV was $0.