MarilynG1
Expert Alumni

Deductions & credits

Casualty Losses can be claimed on Schedule A, Itemized Deductions.  If you use the Standard Deduction (90% of people do), you won't be able to claim the loss.

 

Click this link for instructions on How to Report a Casualty Loss if you itemize. 

 

There is no special help for casualty loss during Covid, but click this link for info on Tax Breaks for Covid

 

 

 

 

 

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