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We lost our home in a fire in December. How will this effect our taxes
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January 21, 2021
8:01 AM
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Deductions & credits
So sorry----was this in a an area that has been declared a federal disaster area? Or just a very unfortunate event for you? If it was the latter, so sorry---but casualty losses are not deductible on a federal return unless they happened in a federal disaster area.
**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, 2021
8:07 AM