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You must generally subtract a great casualty loss in the brand new emergency seasons. If one makes that it election, losing try addressed as the having occurred in the newest before season. A summary of parts warranting personal or personal advice (or each other) can be obtained at the FEMA web site during the FEMA.gov/Catastrophes.

Images showing the condition of the property just after it absolutely was repaired, recovered, or changed may also help. Under the de minimis method, you could make a-believe estimate of your own reduced total of the newest FMV of your belongings. You must manage info outlining your impacted individual home too as your methodology to have estimating your own losings.

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