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Can I Deduct Sandy's Wrath?

Forbes - 1 Nov 2012 23:30
Can I Deduct Sandy's Wrath? In the midst of picking up the pieces after the devastation of Hurricane Sandy, taxes probably are not the first thing on your mind.  However, with disasters comes property damage or loss, both partial and total, which may provide for a tax deduction.  I?ll state at the onset that unfortunately the tax code isn?t particularly generous here.  That is, tax relief for casualty losses generally are limited to those with the unfortunate confluence of poor insurance coverage, low adjusted gro...
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