Welcome back! Ask questions, get answers, and join our large community of tax professionals.
- Topics
- Training
- Community
- Product Help
- Industry Discussions
- User Groups
- Discover
- Resources
Turn on suggestions
Auto-suggest helps you quickly narrow down your search results by suggesting possible matches as you type.
Showing results for
- Intuit Accountants Community
- :
- ProSeries Tax
- :
- ProSeries Tax Discussions
- :
- DIsaster loss for 4864 hurricane IAN and rev proc 2018-09
DIsaster loss for 4864 hurricane IAN and rev proc 2018-09
Options
- Mark Topic as New
- Mark Topic as Read
- Float this Topic for Current User
- Bookmark
- Subscribe
- Printer Friendly Page
Liesal
Level 4
01-26-2023
03:42 PM
- Mark as New
- Bookmark
- Subscribe
- Permalink
- Report Inappropriate Content
Client in florida suffered 100% loss of personal residence during hurricane ian. Check was received 2022. land was sold jan 2023 and new home purchased jan 2022.
AS it relates to loss can Rev Proc 2018 -08 and -09 be used for safe harbor estimates for calculating decrease in fmv of loss for victims of Ian? .I will still compare to adjusted basis which i suspect is less. Taxpayer was reimbursed up to the max of his policy but tells me this was less than current fmv.
Guidance is appreciated.
Labels
