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    Lost Your Investment Real Estate to a Natural Disaster? Don't Get Caught in a Tax Trap

    by Brian Evans, CPA, PFS, Owner, Madrona Financial Services Apr 05, 2018 2 minutes

    The year 2017 has topped all prior years as the costliest on record for natural disasters in the United States. Some estimates put the loss at over $300 billion.

    Consider some of the following:

    • California: Massive wildfires followed by a drenching rain leading to mudslides
    • Houston: Hurricane Harvey
    • Florida: Hurricane Irma
    • Multibillion-dollar severe weather losses in Idaho (wildfires) and in the Midwest (tornadoes, flooding)

    Much of these losses were levied on real estate holdings, whether residential

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