From: Richard Kahn < Sent: Thursday, September 7, 2017 5:50 PM To: jeffrey E. Subject: Re: Casualty Losses as Itemized Deduction as i read more we can carry back this loss to preceding year =016 (not yet filed) which will have much lower AGI (somewhere in range =f 4-5mm) which will yield a larger itemized deduction thus creating a =arger 2016 refund.. Richard Kahn HBRK Associates Inc. 575 =exington Avenue 4th Floor New York, NY 10022 On Sep 7, 2017, at 1:01 PM, Richard Kahn > wrote: i reviewed with Alan and non business losses are deductible =or any amounts over 10% of AGI (2017 AGI thru July 31st was projected =o be 15,000,000) business casualty losses do not =ave 10% threshold (STC office at LSJ and AYH) i spoke with thomas mukamel from ayh =nd he said they lost trees, flagpole, fencing and dock planking - he =entioned that building roofs were intact and only 1 they though was =eaking.. thomas did not want to commit to anything =nd wanted to stay in touch - they were curious when airport will be =pen to bring down a crew he said this was =11 based on visual inspection and subject to change.. thomas mentioned he had ability to source materials from =rinidad (something we may want to pursue once we know our =amages..) https://www.irs.gov/taxtopics/tc515.html https://www.irs.gov/pub/irs-pdf/f4684.pdf https://www.irs.gov/pub/irs-pdf/i4684.pdf https://www.irs.gov/newsroom/top-10-tips-for-deducting-losses-f=om-a-disaster Richard Kahn HBRK Associates Inc. EFTA_R1_01857879 EFTA02633800 575 =exington Avenue 4th Floor New York, NY 10022 2 EFTA_R1_01857880 EFTA02633801