Tax Implications of Selling a Fire-Damaged Home: Tips to Minimize Liability
Watching a house fall prey to flames is a heartbreaking ordeal that goes well beyond the material destruction. The emotional impact of losing beloved items is intensified by the significant logistical burden that follows—insurance adjusters, contractors, and the tough choice between rebuilding or selling. For numerous individuals, selling the property ‘as-is’ appears to be the … Tax Implications of Selling a Fire-Damaged Home: Tips to Minimize Liability