topic Following a kitchen fire last July we had to dispose of "personal property" including the damaged refrigerator and range. We paid a fee to have these items removed from the home and hauled away. Is this amount deductable? in Deductions & credits

Following a kitchen fire last July we had to dispose of "personal property" including the damaged refrigerator and range. We paid a fee to have these items removed from the home and hauled away. Is this amount deductable?

steveandanngenri — Tue, 04 Jun 2019 21:20:04 GMT

Expense incurred is deductable

mconnell5 — Tue, 04 Jun 2019 21:20:05 GMT

Expense incurred is deductable

It is difficult to claim a casualty loss because you have...

xmasbaby0 — Tue, 04 Jun 2019 21:20:06 GMT

It is difficult to claim a casualty loss because you have to meet a tough threshhold. Only the amount of a casualty loss that is OVER 10% of your adjusted gross income can be counted toward your itemized deductions, and even then you must subtract $100 from that amount. If your loss was covered by insurance, it is very unlikely that the amount of your deductible would be enough to count as a deduction. If you want to enter your casualty loss, go to the Federal>Deductions and Credits> Other Deductions and Credits>Casualties and Thefts.