Why sign in to the Community?

  • Submit a question
  • Check your notifications
Sign in to the Community or Sign in to TurboTax and start working on your taxes
New Member
posted Jun 3, 2019 6:04:57 PM

I've had to live outside/elsewhere since my house was gutted because of flooding from Hurricane Florence. How can I deduct the living expenses and storage expenses?

0 1 513
1 Best answer
Expert Alumni
Jun 3, 2019 6:04:59 PM

Unfortunately, you cannot.

A casualty loss deduction is limited to property losses, specifically the decline in value of the property due to the casualty. Ancillary costs are not deductible. Non-deductible ancillary costs would include items such as -

  • temporary lodging,
  • generators,
  • improvements to prevent future casualties
  • clean up costs except to measure the decline in value,
  • rental cars after an auto accident, etc.

1 Replies
Expert Alumni
Jun 3, 2019 6:04:59 PM

Unfortunately, you cannot.

A casualty loss deduction is limited to property losses, specifically the decline in value of the property due to the casualty. Ancillary costs are not deductible. Non-deductible ancillary costs would include items such as -

  • temporary lodging,
  • generators,
  • improvements to prevent future casualties
  • clean up costs except to measure the decline in value,
  • rental cars after an auto accident, etc.