Yes, you can claim the loss as a Casualty and theft loss.
As part of hurricane tax relief, you can deduct your total loss (minus
$500 and any amount covered by insurance) along with your usual Standard
Deduction. This means you’ll be able to claim everything you lost over
$500 without having to itemize deductions on your taxes.
Make sure to
indicate in the My Info section that you were affected by a hurricane (see
attached screenshot).
To enter your loss
in TurboTax, please follow these steps:
- Click on Search on the top right of your
screen
- In the search box, type casualty
loss
- In the search result page,
click on Jump to Casualty loss
- TurboTax will take you
through a questionnaire where you can enter the details of your loss
Edited 01.19.18 | 6:30 PM
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
