Auto Appraisal Group

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Is Diminished Value Tax Deductible?

Is Diminished Value Tax Deductible?

by WWCadmin | Dec 7, 2020 | 01 Time Sensitive Articles, Blog Articles, Diminished Value, Insurance Claim Appraisals

Diminution of value occurs when a vehicle is wrecked or damaged in an accident. The vehicle is subsequently repaired or restored to road-worthy condition, and the insurance company agrees to pay the auto claim for the repairs. The car is now inherently worth less,...

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Auto Appraisal Group

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