"JJ" <nospam[at]nospam.com> wrote in message
news:Usydne9zGIB2rDPUnZ2dnUVZ_jeWnZ2d[at]giganews.com...
- quote -

Yes, and as an option, it's an additional deduction on your 2007 return.
(Since FEMA declared it a disaster area, you get to take the loss on the
return of the year prior to the event.)

Considering that the house itself was also destroyed, "household items -
Tornado damage" should be a sufficient explanation.

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JJ wrote:
- quote -

If you were in the Greensburg tornado by chance, there are provisions
for KS disaster area tax relief you'll want to look at--see Pub 4492-A.

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My house was involved in a tornado in tax year 2008. It was declared an
official disaster area by FEMA. This question pertains to only the items
that were destroyed in the house. My insurance company and I performed a
very detail listing of everything that was destroyed or missing after the
tornado. I did not have replacement insurance so I was only entitled to the
depreciated amount. So, my question is: Can I use as a deduction the
different between the FMV and the depreciated amount? This is 15% per item.
So, if I can, do I need to list out everything, or can I use a generic
listing such as "house hold" items? There are over 500 items that were
destroyed or missing.

Thanks,

JJ

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<< ------------------------------------------------------- > << 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 (2007) - All rights reserved. > << ------------------------------------------------------- >