- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
Get your taxes done using TurboTax
As Mike9241 said previously,
The loss is not sustained until you know with reasonable certainty whether reimbursement will be received. You got the check in 2024 so you know for certainty in that year.
In other words, report the casualty loss (including mitigation) on your tax year 2024 return.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
March 26, 2025
1:55 PM