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Deductions & credits
Sorry-----since the tax laws changed for 2018 to 2025, casualty losses cannot be deducted unless you are in a federally declared disaster area. A leaking appliance is not going to qualify as a federally declared disaster loss. If this was for your own home, you will not be able to enter anything about it on your tax return. If it was for a rental property you own, that will be treated differently.
**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.**
March 16, 2025
8:15 AM