According to U.S. Code Section 165, any personal casualty loss is not deductible for the years 2018 through 2025. Unless the loss is attributable to a Federally declared disaster area.
Since casualty losses due to "deteriorating concrete foundation" do not fall under that description, you will not be able to deduct the loss on your 2019 tax return.
However, here are the instructions on how you would normally do it.
In TurboTax, jump to the entry area for casualty loss:
- Open your return. (To do this, sign in to TurboTax and open or continue your return.)
- Search for casualty loss and select the Jump to link in the search results.
- On the Damaged or stolen screen, select Yes.
- Answer the interview questions describing your event.
If you were to take this deduction, you would have to print and mail your tax return since the generated Form 4684 must be marked "Revenue Procedure 2017-60" at the top of the form.
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