DavidT0202
Expert Alumni

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Hi@sassafras55

 

I am sorry to hear about your misfortunate. 

Uninsured casualty losses to rental property are tax deductible. As is the same for damages to the primary residence.  

Individuals may claim their casualty and theft losses as an itemized deduction on Schedule A (Form 1040), Itemized Deductions. For property held by you for personal use, you must subtract $100 from each casualty or theft event that occurred during the year after you've subtracted any salvage value and any insurance or other reimbursement. Then add up all those amounts and subtract 10% of your adjusted gross income from that total to calculate your allowable casualty and theft losses for the year.

 

This IRS Publication has a lot of useful links and guides to this claim. 

 

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