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Did you know that you can claim Diminished Value as a tax deduction?

Pinnacle Auto Appraisers
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on Friday, 06 January 2012 in Diminished Value Appraisals

Diminished Value - Tax Deductible? 

At Pinnacle Auto Appraisers we can assist you in determining the amount of loss you can claim as an itemized tax deduction on Form 4684 of your Federal tax return. The part of the diminished value not reimbursed by the insurance company is tax deductible; and in many cases the cost of the appraisal can also be claimed as an itemized deduction as well.  Contact Pinnacle Auto Appraisers today for more information!
Tags: appraisal, appraiser, deduction, diminished, federal, return, tax, value

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Pinnacle Auto Appraisers
Pinnacle Auto Appraisers
Car Appraisals for the Auto Industry and Individuals.
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Pinnacle Auto Appraisers Saturday, 07 January 2012

Just noticed the section in Turbo Tax for these exemptions...Quick Books also has this integration for keeping track of this info...great for individuals and business alike! ;)

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Free Evaluation:

If you are looking to increase your insurance coverage on your vehicle, the insurance company may require you to obtain a certified auto appraisal.   If you have a custom car, truck or motorcycle, the insurance company won't pay you more than book value. Get a stated value appraisal to cover money spent customizing your vehicle.  Have a collector or exotic vehicle?  Book value does not justify the vehicle value  In case you are in an accident, have a certified auto appraisal done.  Contact us today for a Free Evaluation!

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Accident:

If you were involved in an accident and the insurance company deemed your vehicle a total loss, we can help.  If you don't agree with the insurance company's offer, you have the right to hire an independent certified appraiser to determine the actual cash value of your vehicle.  Our certified appraiser will go to the vehicle location, conduct the inspection and complete a certified total loss appraisal on your vehicle.  Total loss claims do require a negotation phase which we will take care of for you at no additional charge!

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