Last year I picked up a client from Kenner, LA. She told me the other day that she has been told that storage of her personal effects is part of the computation of her casualty loss (word on the street, and someone at the IRS "confirmed" it). I have yet to see anything that supports that notion. Does anyone have anything that substantiates the claiming of storage costs as part of the deductible disaster loss? If so, where is the authority for that?
-- Paul Thomas, CPA snipped-for-privacy@bellsouth.net