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Invitation for Bids No. IF 17924Casualty Loss Repair 1323 Highland #11 Kansas City MO 64106Issued By: The Housing Authority of Kansas City, Missouri 920 Main Suite 700 Kansas City, Missouri 64105 September
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Casualty loss repair refers to the process of repairing or replacing property that has been damaged or destroyed by a sudden, unexpected event, such as a natural disaster or accident.
Individuals or businesses who have suffered a casualty loss and wish to claim a deduction on their taxes are required to file casualty loss repair.
Casualty loss repair can be filled out by providing details of the casualty event, the amount of the loss, any insurance reimbursements received, and other relevant information on Form 4684.
The purpose of casualty loss repair is to allow individuals or businesses to claim a deduction for the loss of property due to a casualty event, reducing their tax liability.
Information such as the date and type of casualty event, the amount of the loss, any insurance reimbursements received, and details of the property affected must be reported on casualty loss repair.
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