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Results for pages tagged with "deductible"

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  • Noble News and Views
  • 2006
  • March

Tax and Program Assistance for Drought and Wildfire Victims

When an unexpected wildfire blazes through a property, it generally leaves behind the charred ashes of grass, trees, fences and possibly buildings. Landowners will immediately think of the loss in value the wildfire has created, but, in the eyes of the IRS, is there a deductible loss?