IRS helping victims of Chinese drywall

Posted by Iva Radman – email

RICHMOND, VA (WWBT) - The IRS is helping taxpayers with homes damaged by tainted Chinese drywall.

Tax breaks will be available to homeowners who suffered property losses.  Repairs can be treated as casualty losses.

Chinese drywall was installed in thousands of homes -- including many here in Virginia.

It has caused problems ranging from a foul odor to corrosion of pipes and wiring.

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