Delaware Residency

Who is a Resident A resident is an individual who either: • Is domiciled in this State for any part of the taxable year; or Full-Time Students with a legal residence in another state remain legal residents of that state unless they exhibit intentions to make Delaware their permanent residence. NOTE*: Foreign Travelers – If you were out of the United States for at least 495 days in [...]

Casualty and Theft FMV (Fair Market Value)

**Personal casualty and theft losses of an individual sustained in a tax year beginning after 2017 are deductible only to the extent they're attributable to a federally declared disaster. The loss deduction is subject to the $100 per casualty and 10% of your adjusted gross income (AGI) limitations. An exception to the rule above limiting the personal casualty and theft loss deduction to losses [...]

Casualty and Theft - Insurance and Other Reimbursement

**Personal casualty and theft losses of an individual sustained in a tax year beginning after 2017 are deductible only to the extent they're attributable to a federally declared disaster. The loss deduction is subject to the $100 per casualty and 10% of your adjusted gross income (AGI) limitations. An exception to the rule above limiting the personal casualty and theft loss deduction to losses [...]

Casualty and Theft - Cost or Other Basis of Property

Cost or Other Basis of Property Cost or other basis usually means original cost plus improvements. Subtract any postponed gain from the sale of a previous main home. Special rules apply to property received as a gift or inheritance. See Publication 551, Basis of Assets, for details. [...]

Casualty and Theft - Duration and Type

Beginning tax year 2018: Limitation on personal casualty and theft losses. Personal casualty and theft losses of an individual sustained in a tax year beginning after 2017 are deductible only to the extent they're attributable to a federally declared disaster. The loss deduction is subject to the $100 per casualty and 10% of your adjusted gross income (AGI) limitations. See Pub 547 for more [...]