MindyB
Expert Alumni

Investors & landlords

It depends. ‌According to: What if I have property that was lost or damaged (a casualty loss)? you may be able to deduct the cost of the repairs, if you live in a federally declared disaster area and the amounts were not reimbursed by insurance. For Hurricane Beryl, check if your county is included in the federally declared disaster area here: Designated Areas: Disaster 4798

 

If you qualify, claim the deduction in TurboTax Online:

1. Upon opening TurboTax, choose Deductions & Credits

2. Scroll to Other Deductions and Credits

3. Start/Revisit "Disasters, theft, and other property loss or damage"

4. The interview will ask you questions to report the loss