[Rhodes22-list] Deduction query

[Joe]

Merde, it's now 10%of AGI

The Doucet's. 
Sent from our iPad

On Sep 2, 2011, at 8:14 PM, elle <watermusic38 at yahoo.com> wrote:

> thanks...I will keep records & ope I get a few pennies back.
> 
> elle
>  
> Beer is good....people are crazy
> 
> 
> 1992 Rhodes 22    Recycled '06
> "Watermusic"  {Lady in Red}
> 
> 
> ________________________________
> From: DownHill <jadoucet at snet.net>
> To: rhodes22-list at rhodes22.org
> Sent: Friday, September 2, 2011 8:05 PM
> Subject: Re: [Rhodes22-list] Deduction query
> 
> 
> In general, one can deduct sudden losses on schedule A. You can deduct the
> losses that exceed 1% of your AGI. A  Hurricane is considered to be a sudden
> loss. Any other losses can also be deducted. For example, if your
> electricity went out, and your food in the fridge & freezer spoiled
> suddenly, you could deduct the value of the food.
> 
> If your boat does not sail as fast as it did from the factory, this is not a
> sudden loss.
> 
> 
> Lady in Red wrote:
>> 
>> Hi, guys,
>> does anyone know if the expense for removing the trees that have come down
>> can be deducted on my taxes? 
>> 
>> any other costs allowable?
>> 
>> 
>> elle
>>  
>> Beer is good....people are crazy
>> 
>> 
>> 1992 Rhodes 22    Recycled '06
>> "Watermusic"  {Lady in Red}
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>> 
> 
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> 
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