Updated about 1 year ago on .
Hurricane Damage Declaration- Tax Exemption?
How does federal tax exemptions or reductin for hurricane damages work? Texas had some hurricanes and I have properties (Market value $300K, Roof damages $25K). What is the strategy to maximize the tax reduction. Paperwork says depending on Level 1,2 3 the tax is reduced. Below is article. How do I maximize my case? Anybody done it before?
https://vzcad.org/temporary-exemption-for-qualified-property...