srs53
New Member

My car’s fuel tank was ruptured by flying debris from a pick up truck ahead of me. I paid a $500 deductible for the repair. Is this deductible? I have the insurance claim

 
Anonymous
Not applicable

Deductions & credits

the answer provided is correct if the vehicle is 100% personal use.  otherwise post back.

Deductions & credits

No.  Sorry. casualty loss deductions were eliminated by the new tax laws.  Even under the old law, a $500 loss would not have been deductible.

**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.**

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