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Real estate
transactions The following real estate transfers. were recorded during the past week: Donald Keithley and wife to Dawn Leslie Fry, 6.6885 acres, Hampton District. Gift. Louise King Eastham and husband to Lindsay, Willouglby Eastham, 5.19 percent interest in 367 acres, Jackson District. Gift. Louise King Eastham and husband to Fletcher King Eastham, 5.19 percent interest in 367 acres, Jackson District. Gift. Charles Henry Kilby to Russell Lee Kilby,, one half interest in 16.4915 acres, Hawthorne District. Gift. George C. Groves and wife to Chester W. Fannon, Jr. and wife, 45.97733 acres, Jackson District. $345,000. Mary Dennis McNeill to Newton R. Dennis and wife, 1/6 interest in 50 acres, Stonewall District. $10,000. Lena G. Miller to David D. Miller III and others, one percent interest in 176.5373 acres, Hampton District. Gift. Woodville G. Barron and-wife to James W. Barron and wife, 4.755 acres, Jackson District. Gift. James E. Swindler and wife to Bobette Lee Swindler, 7 3/4 acres,
Real Estate S Eileen M. Day REALTOR CASUALTY LOSS DEDUCTIBLE What can you do when you have serious damage to your home or property but not enough insurance to cover the loss? If the damage was not fully paid for from insurance proceeds, you can take a de- • duction on your federal income tax. What'kind of losses qualify for this deduction? Generally, to qualify for the federal casualty loss tax deduction, the cause must occur quickly and unexpectedly and not be a routine event. Examples include a fire, flood, theft, accident, earthquake, vandalism, tornado, broken water pipes, hurricane or earthslide. You should be prepared to prove such losses in case of an audit. To prove you loss you should have before-and after photos, professional appraisals, repair bills, police reports, purchase receipts, and insurance settlement appraisals. The amount that you may deduct on a casualty loss is the decline in the property's market value, less insurance payments and a *100 deduction, financially, you're better off having enough insurance. If there is anything we can do ' to help you in the field of real estate please stop in at ElLEEn M. DAY1, Realtor, the Clopton House, Washington. Va. 22747. Phone 675-3033. We re here to help.
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