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Deductions & credits
Very sorry to know of your trouble. Unless you were in an area that was declared a natural disaster area---like a wildfire area, you cannot deduct the loss from the fire on your federal tax return. The tax laws that changed for 2018 and beyond eliminated casualty losses as a federal deduction.
**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.**
‎February 16, 2022
10:29 PM