jeezerz
Returning Member

Deductions & credits

In 2021 the city I live in Newnan Ga had an EF4 tornado that caused the damage. Joe Biden approved a major federal disaster declaration for the Newnan area (Coweta County) and seven other Georgia counties following a powerful EF-4 tornado on March 26, 2021. This declaration provided public assistance for government and certain non-profit recovery efforts, but a separate request for individual assistance for residents was denied by FEMA. 

 

Does this mean I can write off the unrecoverable debt?