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Level 1
June 3, 2019
Question

How do I enter roof damage from Hurricane Irma? Says to enter value of home, what do I enter?

  • June 3, 2019
  • 1 reply
  • 3 views
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1 reply

PatriciaV
Level 15
June 3, 2019

Yes, you may be able to report a Casualty Loss for the difference between what the insurance reimbursed and the loss of market value of your property.

You will need to know the Fair Market Value (FMW) of your home before and after the loss. If you don't have this information, check with your insurance adjuster or a licensed Realtor in your area.

See this post for more information, including where to enter this in TurboTax:

FAQ Embed: https://ttlc.intuit.com/replies/3301959

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