Tag Archives: Loss Deduction
This year has been devastating for many, with 33 states already impacted by federally declared disasters. Catastrophic events like Hurricanes Milton and Helene have resulted in billions of dollars in damages, leaving countless individuals without adequate insurance to cover their losses. If you’ve been affected, the federal disaster loss tax deduction may offer some much-needed […]
— Read moreA capital asset, including personal property and investments, can be sold for either a loss or a gain. If you sell your assets, you should be aware of the following ten facts regarding capital gains and losses: Assets: Capital assets describe property you own, like a home or a vehicle. The term also encompasses investments, […]
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