TomD8
Level 15

Investors & landlords

Personal casualty and theft losses of an individual sustained in a tax year beginning after 2017 are deductible only to the extent they're attributable to a federally declared disaster.  https://www.irs.gov/pub/irs-pdf/i4684.pdf

If this is rental property, see comments below.

**Answers are correct to the best of my ability but do not constitute tax or legal advice.