Casualty, Disaster & Theft Losses – We’re making appraisals for clients claiming losses in connection with hurricane Irma under the Robert T. Stafford Disaster Relief and Emergency Act (See IRS Publication 547).
This requires two fair market value appraisals; one before the loss, and the other after. This “before and after” methodology sets up the loss measurement.
If repairs are already made, you’ll need to provide documentation of the loss (images, written reports, etc.) and you’ll need to provide, or obtain, cost to cure information, like repair cost estimates, or work contracts.
Call us if we can help.