topic My cabin was vandalized. Quotes to repair are $31870. Insurance will only pay $9700. Can I ask for a tax break for the difference? in Get your taxes done using TurboTax

My cabin was vandalized. Quotes to repair are $31870. Insurance will only pay $9700. Can I ask for a tax break for the difference?

2cupcoffee — Mon, 09 Mar 2026 06:24:15 GMT

Re: My cabin was vandalized. Quotes to repair are $31870. Insurance will only pay $9700. Can I ask for a tax break for the difference?

DoninGA — Fri, 04 Feb 2022 23:27:49 GMT

A casualty or theft loss is not deductible for a personal residence, not used as a rental or in a business, on a federal tax return due to the tax code changes in effect for tax years 2018 thru 2025.

Re: My cabin was vandalized. Quotes to repair are $31870. Insurance will only pay $9700. Can I ask for a tax break for the difference?

2cupcoffee — Tue, 08 Feb 2022 04:09:58 GMT

Thank you.