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Deductions & credits
It depends. According to: What if I have property that was lost or damaged (a casualty loss)? you may be able to deduct the cost of damage and cleanup, if you live in a federally declared disaster area. For Hurricane Milton, most of Florida qualifies, but Jefferson County and west doesn't. Check if your county is included in the federally declared disaster area here: Designated Areas: Disaster 4834
To claim the deduction in TurboTax Online:
1. Upon opening TurboTax, choose Deductions & Credits
2. Scroll to Other Deductions and Credits
3. Start/Revisit "Disasters, theft, and other property loss or damage"
4. The interview will ask you questions to report the loss
February 9, 2025
10:54 AM