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re: Tax question about Casualty & Theft Loss, probably
Posted on 10/12/12 at 6:24 am to Poodlebrain
Posted on 10/12/12 at 6:24 am to Poodlebrain
I agree with Tigeryat. What kind of an impact on the value of the property do you think this had? It may not even be worth the effort.
I think poodlebrain is on the right track if you hope to recoup any loss you feel you might have.
I think poodlebrain is on the right track if you hope to recoup any loss you feel you might have.
1
Posted on 10/12/12 at 8:24 am to weaglebeagle
The OP's real mistake was not being in the vicinity of the plant when the spill occurred. Every BR resident knows that when a spill occurs you're supposed to immediately go to the emergency room complaining about difficulty breathing. Then when you get settlement money from the chemical plant it is nontaxable personal injury damages rather than taxable damages to property.
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