Tag Archives: Loss Deduction
So far this year, 33 states have been declared federal disaster areas, with some regions qualifying multiple times. Losses, particularly due to Hurricanes Milton and Helene, are expected to reach tens of billions of dollars. The situation is worsened by many victims lacking adequate or proper insurance to cover these damages. Some of these losses […]
— 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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