Investors & landlords

@Amjain241114 

Unfortunately,  the tax laws that went into effect for 2018 and beyond say that you cannot deduct a casualty loss on your federal return, even though your insurance did not cover your entire loss.  Sorry.

 

https://ttlc.intuit.com/questions/4482873-which-federal-tax-deductions-have-been-suspended-by-tax-re...

**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.**