TaxMamas TaxQuips: Tax Quips

TaxMamas TaxQuips: Tax Quips


Torn Down by Accident

December 09, 2009

Today TaxMama hears from Sandra in Texas, with this unusual situation. “I owned two rental properties; but one was accidentally torn down by the city. It had damage due to hurricane Ike. Can I take the value of this property off my taxes? Can I take it