Please note that there are separate rules for losses on property held in connection with a trade or business, or in a transaction entered into for profit, and should this apply to you, please speak with your tax advisor.

FORBES: Can I Deduct Sandy's Wrath?

Emphasizing the Fourth Amendment's "close connection to property, " Justice Scalia wrote that even a small trespass, if committed in "an attempt to find something or to obtain information, " constituted a "search" under the Fourth Amendment.

WSJ: Supreme Court Reins In Police on GPS Trackers

After all, to a billionaire looking for a fourth or fifth trophy property, the emotional connection can often drive the decision--either because the homes are impossible-to-duplicate works of art or because billionaires keep score with one another when it comes to fine possessions.

FORBES: Real Estate