PatriciaV
Employee Tax Expert

Investors & landlords

A Casualty Loss for Rental Property is reported as a Rental Expense, net of any insurance payments. If the insurance covered the entire repair cost, you have nothing to report.

For more info, see:
https://ttlc.intuit.com/replies/3301959


**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post