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Get your taxes done using TurboTax
Here's the IRS wording:
Casualty Losses - A casualty loss can result from the damage, destruction, or loss of your property from any sudden, unexpected, or unusual event such as a flood, hurricane, tornado, fire, earthquake, or volcanic eruption. A casualty doesn't include normal wear and tear or progressive deterioration. https://www.irs.gov/taxtopics/tc515.html
Hard to imagine that a sinkhole wouldn't qualify..
**Answers are correct to the best of my ability but do not constitute tax or legal advice.
May 31, 2019
6:43 PM