Ask Your Tax Question. Tax Experts Answer You ASAP.

(Not a Tax Question?)

Fire loss
Sent to Tax Experts April 12 04:42 PM

We lost our home in the California fires 18 months ago. Everything was a
total loss. We recieved a settlement from the insurance company for the
policy limit on contents but our contents were worth significantly more
($150K) than the settlement. Since we lost everyhting in the fire and have
no proof of contents is there any way we can claim a loss on the
additional contents? We are not looking for a fight with the IRS we just
would like to know if we have any claim at all.

Thank you

Customer (name blocked for privacy)
Status:  Closed   Value: $5
Answer
April 12 6:28 PM (1 hour and 46 minutes and 22 seconds later)
         
THIS ANSWER IS LOCKED!
You can view this answer by clicking here to Register or Login and paying $3.
Jon Andrews -- Certified Public Accountant (CPA) -- 100% Positive Feedback on 2628 Tax Accepts
I deal with all levels of tax planning and controversy - from the ordinary to the complex.
Think you can answer this question?
Login or Become an Expert

Related Answers

 

DISCLAIMER: You acknowledge that any information you may obtain from individuals you contact through use of the Just Answer service comes from those individuals, not from Just Answer!, and that Just Answer is not in any way responsible for any of the information these third parties may supply. The site and services are provided "as is" with no warranty and no representations are made regarding the qualification of an Expert. Responses and comments on Just Answer! are for general information and are not intended to substitute for informed professional advice (such as medical, legal, investment or accounting) and do not establish a professional-client relationship. Just Answer! is not intended or designed to address EMERGENCY QUESTIONS which should be directed immediately by telephone or in-person to qualified professionals. Please carefully read the Terms of Service.

Just Answer! > Income Tax