Hi,
We were impacted badly by IDA flooding. We weren't own the property instead we were renting and our home was flooded and most of our personal property items (furniture - sofa, bed, mattress, etc..., big electronic items, luggage, clothes, shoes, kitchen crockery) were lost. Can I add these lost items under casualty loss as this is declared a federal disaster?
https://www.irs.gov/newsroom/irs-announces-tax-relief-for-new-jersey-victims-of-remnants-of-hurrican...
Additionally, why it's mentioned to claim in 2020 returns? This is last year's disaster and I think I should be reported in the 2021 tax? "Affected taxpayers claiming the disaster loss on a 2020 return should put the Disaster Designation, "New Jersey – Hurricane Ida" in bold letters at the top of the form."
