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Hello, Last year I had a fire at my extended stay rental, where we stayed for over 6 months, (no fault of our own) how do we claim redcase number on taxes

I was wondering if claiming the red case number and the fact that we had to rebuild our entire life which was very costly is considered a rebate. I remember when talking to my red cross agent that she had said that I could put the red cross case number on my taxes and that I would get some rebate. I am just not to sure on how to go about it or what exactly she meant.
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RobertB4444
Employee Tax Expert

Hello, Last year I had a fire at my extended stay rental, where we stayed for over 6 months, (no fault of our own) how do we claim redcase number on taxes

The Federal casualty loss rules were adjusted so that losses resulting from a disaster must be the result of a federally declared disaster.  Unfortunately, a fire at your own property or a property that you are renting does not qualify for a disaster or casualty loss deduction anymore.

 

You can still enter your personal property loss into TurboTax and it can be deductible as an itemized deduction on schedule A.  You will have to be able to itemize deductions in order to use it, however.

 

@dnreeves2021 

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