This Question is Answered 
    Show me another

    anon

    Is There A Tax Deduction (back Taxes) For Damages To My House Caused By Water Damaged, And Not Being Covered By My Home Insurance.

    I am currently in a lawsuit, trying to get the insurance company to pay for the damages. But it has been 30 months since the incident, and I have been paying mortgage, 2nd mortgage, taxes, HOA dues and rent at another residence. My home is unrentable and virtually can't be sold. I am wondering if there is a tax break that I might be able to use, to help with my financial situation? Thanks

    asked 1 year ago

    Report

    Can't find what you're looking for?

    Ask a Question, Get an Answer ASAP


    1 Answer


    Aicha

    The insurance company has to pay the damage but if they have delayed then you could have the tax advantage as well. You need to submit your application to the local tax authorities and they could waive the amount.

    answered 1 year ago   

    Add Comment
    Report

    New Comment

    500 characters left

      What is Blurtit ?

      Ask questions on any topic, get great answers from real people for FREE. Blurtit has hundreds of thousand of members so your sure to get the answer your looking for.

      Ask a Question.

        Ask the Community a Question

        Home » Money » Tax

        Ask a Question