Can I deduct repairs incurred due to flood on my tax return?
Nice going on the site! I came back after a month it's looking Great! Keep it up!
Now, for my question, I incurred substantial damage from flooding in 2006 and it cost me over $35,000 to fix my basement and replace my furniture. Of course, my insurance helped but there was a portion spent that was not reimbursed by my insurance company. The question is can I deduct expenses somewhere on the tax return? If so, could you please advise me where to deduct it!
Thanks for your help.....