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Get your taxes done using TurboTax
Thank you for posting your question! Since the Leilani Estates Neighborhood was included in the Federal Disaster Declaration of May 11, 2018 (DR-4366-HI), casualty losses can be deducted as an itemized deduction on Schedule A (if you are itemizing and not taking the standard deduction).
Click on the link below for more information from the FEMA website regarding this disaster:
https://www.fema.gov/disaster/4366
TurboTax is certainly set up for this type of deduction:
https://turbotax.intuit.com/tax-tips/tax-relief/about-casualty-deduction-for-federal-income-tax/
- Click the "Deductions & Credits" tab
- Scroll down to "Other Deductions & Credits"
- "Show More."
- You will find the "Disaster, theft...loss" topic there.
- DR-4366-HI is the major disaster declaration ID
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‎November 16, 2022
12:33 PM