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Deductions & credits
Sorry....casualty losses are not deductible on your federal tax return. The tax laws that changed for 2018 and beyond eliminated casualty losses except for losses that 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.**
‎February 3, 2023
6:45 PM