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Checklist for Document and Tax Info in the Wake of a Natural Disaster

by Todd Paradis | Nov 19, 2020

 
With blazing wildfires, searing heat, strong hurricanes, and a global pandemic, 2020 can be safely described as having an active disaster season. Reconstructing lost records and filling tax returns may not be at the top of most people’s to-do lists in the wake of such events. Nevertheless, both are critical for a number of reasons, including reimbursement from an insurance company, obtaining federal assistance, and reporting losses on a tax return. Personal property in particular, can be difficult to reconstruct records showing the fair market value.

Read the complete article published in Investopedia, by Jill Cornfield.

Also, read past experiences and advice of ASA members, including personal property specialists, who have experienced disasters first hand: