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Deductions & credits
@user314 wrote:
My home water heater burst in 2019 causing a lot of water damage to my home. Does this count as a disaster for the casualty loss tax deduction? Thank you.
Sorry, no. That cannot be claimed as a casualty loss on a federal tax return. Only if you live in a designated Federally declared disaster area and the casualty was caused by the disaster.
March 26, 2020
4:32 AM
4,134 Views