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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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‎February 18, 2021
6:04 PM