SECTION 7. EFFECT ON OTHER
Internal Revenue Bulletin 2018-2 · 2026-10-03 edition · updated 2026-10-04 · United States
DOCUMENTS
Notice 2016–79 is superseded.
DRAFTING INFORMATION
The principal author of this notice is Bernard P. Harvey of the Office of Associate Chief Counsel (Income Tax and Ac
counting). For further information on this notice contact Bernard P. Harvey on (202) 317-7005 (not a toll-free number).
26 CFR 601.105. Examination of returns and claims for refund, credit or abatement; determination of correct tax liablity. (Also: Part I, §§ 165; 1.165–1(c)(4), 1.165–1(d)(2)(iii), 1.165–7(a)(2), 1.165–7(b), 1.165–8(c).)
Rev. Proc. 2018–08
CONTENTS SECTION 1. PURPOSE.................................................................................................................................................................286 SECTION 2. BACKGROUND ......................................................................................................................................................287 SECTION 3. SCOPE ......................................................................................................................................................................288
.01 In general ..............................................................................................................................................................................288 .02 Definition of personal-use residential real property and personal residence ....................................................................288 .03 Definition of personal belongings ........................................................................................................................................288 .04 Taking into account no-cost repairs ....................................................................................................................................288 .05 Limited use of safe harbor methods .....................................................................................................................................288 SECTION 4. PERSONAL-USE RESIDENTIAL REAL PROPERTY SAFE HARBOR METHODS ......................................288
.01 In general ..............................................................................................................................................................................288 .02 Estimated Repair Cost Safe Harbor Method .......................................................................................................................288 .03 De Minimis Safe Harbor Method .........................................................................................................................................288 .04 Insurance Safe Harbor Method ............................................................................................................................................288 .05 Safe harbor methods for Federally declared disasters .......................................................................................................289
(1) Contractor Safe Harbor Method ......................................................................................................................................289 (2) Disaster Loan Appraisal Safe Harbor Method ................................................................................................................289 SECTION 5. PERSONAL BELONGINGS SAFE HARBOR METHODS .................................................................................289
.01 De Minimis Safe Harbor Method .........................................................................................................................................289 .02 Safe harbor method for Federally declared disasters .........................................................................................................289
(1) Replacement Cost Safe Harbor Method ...........................................................................................................................289 (2) Exclusions ..........................................................................................................................................................................290 (3) Example .............................................................................................................................................................................290 SECTION 6. REDUCTION FOR NO-COST REPAIRS..............................................................................................................290 SECTION 7. EFFECTIVE DATE .................................................................................................................................................290 SECTION 8. PAPERWORK REDUCTION ACT ........................................................................................................................290 SECTION 9. DRAFTING INFORMATION.................................................................................................................................290
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