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Taxation & Estate Planning

: TaxProf Blog

IRS Provides Relief for Homeowners With Chinese Drywall

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The IRS yesterday (IR-2010-102) released Rev. Proc. 2010-36, 2010-42 I.R.B. ___ (Oct. 18, 2010), which provides a safe harbor that allows homeowners to treat damages from corrosive drywall as a casualty loss and provides a formula for determining the amount of the loss. Prior TaxProf Blog coverage: IRS: Defective Chinese...

Full post as published by TaxProf Blog on October 01, 2010 (boomark / email).

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