I spent $10,900 on tree removal, debris removal, and stump grinding due to Hurricane Ian. This is for my primary home, not rental. Can I claim a casualty loss?

[HelenC12 · Accepted solution]

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.

• Please see What if I have property that was lost or damages (a casualty loss)? for additional information and how to enter it in TurboTax.

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)