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Deductions & credits
Sorry but theft and casualty losses are not deductible on your federal return. Casualty losses are only deductible if you were in a federal disaster zone and were affected by a natural disaster. A broken water pipe is not a natural disaster.
**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
‎January 21, 2020
5:19 PM