No, you should file casualty and theft loss in the year that the casualty occurred - so in 2016. And yes, the casualty is part of your itemized deductions. And yes, you must figure the loss on each item separately, but you can do it by category... for example, sofa and table would be treated as one item - furniture.
- Federal Taxes
- Deductions & Credits
- Scroll down to Other
Deductions and Credits and select Casualties and Thefts
