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re: Tax question about Casualty & Theft Loss, probably
Posted on 10/11/12 at 3:00 pm to bojabu
Posted on 10/11/12 at 3:00 pm to bojabu
I dont see how this would qualify for a casualty loss.
The chemical spill was a known event before you purchased you property, therfore one could argue the negative effect on property value would have been built in on the purchase date.
The chemical spill was a known event before you purchased you property, therfore one could argue the negative effect on property value would have been built in on the purchase date.
Posted on 10/11/12 at 4:21 pm to SippyCup
So I'll likely need to know more information about if the spill was made public at the time it happened, or 26 years later when the company was sued over it, right?
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