Can i claim a loss due to an apt fire in which i did not have renters insurance. if so how do i file? is it worth it to do the cpa or ea advice for 149.99 vs deluxe?

drozc5544 — Tue, 04 Jun 2019 19:15:24 GMT

i had a total loss due to an apt fire i had. later i found out that i had no renters insurance and had to rebuild from nothing. am i able to file for that loss and maybe get reimbursed, if so how do i file, what forms. is it wise of me to do the 149.99 option vs. the deluxe. i want to start filing but i dont know where to begin. thank you

You can enter the loss as a Casualty and Theft. Reporting...

Coleen3 — Tue, 04 Jun 2019 19:15:25 GMT

You can enter the loss as a Casualty and Theft.

Reporting a casualty can help you but only if you meet the qualifications. Personal losses are reported on Form 4684 and are carried over to Schedule A if you itemize. (Casualties for businesses are reported on the same form on Part B.)

In TurboTax (for personal losses):

Go to Federal Taxes

Deductions and Credits

Scroll down to Other Deductions and Credits

You will need to know the following:

Cost or adjusted basis of each property
Insurance or other reimbursement (whether or not you filed a claim).
Fair market value after casualty or theft

You can read more about this at the IRS website. Here is the link:

https://www.irs.gov/publications/p547

topic Can i claim a loss due to an apt fire in which i did not have renters insurance. if so how do i file? is it worth it to do the cpa or ea advice for 149.99 vs deluxe? in Get your taxes done using TurboTax

Can i claim a loss due to an apt fire in which i did not have renters insurance. if so how do i file? is it worth it to do the cpa or ea advice for 149.99 vs deluxe?

You can enter the loss as a Casualty and Theft. Reporting...