Pinnacle Auto Appraisers' Blog
Keeping the auto appraising industry up to date with important auto industry and appraiser information.
Did you know that you can claim Diminished Value as a tax deduction? Featured
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!

