Show Timely Tax Tips Tax Consultant By W. J. Martin 4 in a Casualty lasses can be Right now we are concerned with record keeping to prove your deduction keep your purchase receipts and repair It's also a good idea to take periodic photos of important property items such as your and the adding a date to And if there is damage by fire or take a photo right after the It will also be helpful to get written appraisals both in normal and after any DOES THIS sem like u tall It really isn't when you consider what's and the trouble you'll be if any item on your return is for certain deductions you must attach explanatory statements to help your income tax The record-keeping suggestions above will help make that job IN A PREVIOUS article In tins series referred to the use of manila Here's what to 1 Use manila folders with with 12 or more In these folders you can easily keep all your cancelled appraisals and the like Use a separate pocket for each month of the year In this you can quickly relate any entry on your record with a receipt or a cancelled If you're a home the following items can go into your manila receipts and records showing the purchase cost of title survey capital improvements adding a new patio or These will help boost your basis if and when you sell your And if you plan to sell your home or other capital investments in the near it would be a good idea to consult your tax adviser before you start the It may mean hundreds of dollars in tax |