[Rhodes22-list] Deduction query

[DownHill]

In general, one can deduct sudden losses on schedule A. You can deduct the
losses that exceed 1% of your AGI. A  Hurricane is considered to be a sudden
loss. Any other losses can also be deducted. For example, if your
electricity went out, and your food in the fridge & freezer spoiled
suddenly, you could deduct the value of the food.

If your boat does not sail as fast as it did from the factory, this is not a
sudden loss.


Lady in Red wrote:
> 
> Hi, guys,
> does anyone know if the expense for removing the trees that have come down
> can be deducted on my taxes? 
> 
> any other costs allowable?
> 
> 
> elle
>  
> Beer is good....people are crazy
> 
> 
> 1992 Rhodes 22    Recycled '06
> "Watermusic"  {Lady in Red}
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