RobertB4444
Expert Alumni

Investors & landlords

Federal disaster areas can result in a casualty loss deduction, yes.  However, there are a lot of hurdles.  Most of the articles on this are outdated, in fact.  I posted a couple of them here before I edited it.

 

Here's the IRS info about casualty losses.

 

Here's how to enter a casualty loss in TurboTax.

 

@tdlnjh 

 

[Edited 02/23/23| 11:00 AM PST]

 

@tdlnjh

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