From: Richard Kahn <
From: Richard Kahn <
Sent: Thursday, September 7, 2017 5:01 PM
To: jeffrey E.
Subject: Casualty Losses as Itemized Deduction >
i reviewed with Alan and non business losses =re deductible for any amounts over 10% of AGI (2017 AGI thru July 31st
=as projected to be 15,000,000) business casualty =osses do not have 10% threshold (STC office at 151 and AYH)
i spoke with thomas =ukamel from ayh and he said they lost trees, flagpole, fencing and dock =lanking - he mentioned
that building roofs were intact and only 1 they =hough was leaking..
thomas did not want to commit =o anything and wanted to stay in touch - they were curious when airport =ill be open to
bring down a crew he said =his was all based on visual inspection and subject to =hange..
thomas mentioned he had ability to source =aterials from trinidad (something we may want to pursue once we know
=ur damages..)
https://www.irs.gov/taxtopics/tc515.html
https://www.irs.gov/pub/irs-pdf/f4684.pdf
https://www.irs.gov/pub/irs-pdf/i4684.pdf
https://www.irs.gov/newsroom/top-10-tips-for-deducting-losses-f=om-a-disaster
Richard Kahn
HBRK Associates Inc.
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