"A.G. Kalman" <agkdisposable-mtm2[at]yahoo.com> wrote
- quote -

Thanks. I didn't think so. Urban legends thrive in a
disaster area.

--
Paul A. Thomas, CPA
Athens, Georgia

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Paul Thomas, CPA wrote:

- quote -

Incidental expenses to a casualty or disaster have never
been included as part of the loss (e.g., car rental &
temporary housing). If temporary housing is excluded, then
temporary storage would also be excluded. I checked all the
Go Zone legislation and could not find anything that changed
this aspect of computing one's loss.

<< ================================================== ===== > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ================================================== ===== >

Last year I picked up a client from Kenner, LA. She told me
the other day that she has been told that storage of her
personal effects is part of the computation of her casualty
loss (word on the street, and someone at the IRS "confirmed"
it).

I have yet to see anything that supports that notion. Does
anyone have anything that substantiates the claiming of
storage costs as part of the deductible disaster loss? If
so, where is the authority for that?

--
Paul Thomas, CPA
paulthomascpapc[at]bellsouth.net

<< ------------------------------------------------------- > << The foregoing was not intended or written to be used, > << nor can it used, for the purpose of avoiding penalties > << that may be imposed upon the taxpayer. > << > << The Charter and the Guidelines for submitting posts > << to this newsgroup as well as our anti-spamming policy > << are at www.asktax.org. > << Copyright (2006) - All rights reserved. > << ------------------------------------------------------- >