According to the IRS IRS Pub 527 Residential Rental Property - Casualties and Thefts, if you had a casualty or theft that involved property used in your rental activity, figure the net gain or loss in Section B of Form 4684, Casualties and Thefts.
For tax years 2018 through 2025, a deduction is generally not available for personal casualty losses, unless they are related to a federally declared disaster (per IRS Tax Topic 515). You are reporting a business casualty loss.
Based on the responses to this thread, you have the information you need to report this event on your 2024 tax 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"
