Small Business Taxes & Management


Small Business Taxes & ManagementTM--Copyright 2004, A/N Group, Inc.


Election to Deduct Presidentially Declared Disaster Loss in Prior Tax Year


Election to Deduct Presidentially Declared Disaster Loss in Immediately Preceding Tax Year

Fred and Susan Flood

I.D. No. 999-99-9999

123 Sweet Hollow Road

Madison, NH

In accordance with IRC Sec. 165(i) and Reg. Sec. 1.165-11, taxpayers hereby elect to deduct, on the return for the immediately preceding tax year in which the disaster occurred, the entire loss which was directly related to a Presidentially Declared Disaster Loss.

Reg. 1.165-11(e) requires the following information:

Disaster date and description: Record snow, March 3-4, 2004

Location of property: Madison, Cheshire County, NH


Copyright 2004 by A/N Group, Inc. This publication is designed to provide accurate and authoritative information in regard to the subject matter covered. It is distributed with the understanding that the publisher is not engaged in rendering legal, accounting, or other professional service. If legal advice or other expert assistance is required, the services of a competent professional should be sought. The information is not necessarily a complete summary of all materials on the subject.--ISSN 1089-1536

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--Last update 05/13/04