Yes, if your casualty was a direct result of a natural disaster, and you live in a federally declared disaster area, you may be able to take a tax deduction for the value of the property that's not covered by your insurance.
Note: If you're not able to claim your casualty loss, keep the records so when you sell, you'll be able to offset a portion or all of the gain (if any) on the sale of your personal residence.
Related information: IRS Topic 515 - Casualty, Disaster and Theft Losses (Including Federally Declared Disaster Areas)
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
