topic Is the cost of tree removable destroyed by storm deductable? in Deductions & credits https://ttlc.intuit.com/community/tax-credits-deductions/discussion/is-the-cost-of-tree-removable-destroyed-by-storm-deductable/01/596507#M77846 <P>Trees were blown down by a storm a tree service company changed $4300 to remove and repair yard is this cost deductable ?</P><P>&nbsp;</P> Thu, 06 Jun 2019 05:20:26 GMT hlj86 2019-06-06T05:20:26Z Is the cost of tree removable destroyed by storm deductable? https://ttlc.intuit.com/community/tax-credits-deductions/discussion/is-the-cost-of-tree-removable-destroyed-by-storm-deductable/01/596507#M77846 <P>Trees were blown down by a storm a tree service company changed $4300 to remove and repair yard is this cost deductable ?</P><P>&nbsp;</P> Thu, 06 Jun 2019 05:20:26 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/is-the-cost-of-tree-removable-destroyed-by-storm-deductable/01/596507#M77846 hlj86 2019-06-06T05:20:26Z Can you deduct the tree removal too? https://ttlc.intuit.com/community/tax-credits-deductions/discussion/can-you-deduct-the-tree-removal-too/01/596518#M77848 Can you deduct the tree removal too? Thu, 06 Jun 2019 05:20:27 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/can-you-deduct-the-tree-removal-too/01/596518#M77848 sitnay 2019-06-06T05:20:27Z Is tree removal from a shop deductible? What about the tr... https://ttlc.intuit.com/community/tax-credits-deductions/discussion/is-tree-removal-from-a-shop-deductible-what-about-the-tr/01/596527#M77849 Is tree removal from a shop deductible? What about the trees that fell in our yard, is the removal of those deductible? Thu, 06 Jun 2019 05:20:29 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/is-tree-removal-from-a-shop-deductible-what-about-the-tr/01/596527#M77849 sitnay 2019-06-06T05:20:29Z If the stumps are there because of a storm and not just b... https://ttlc.intuit.com/community/tax-credits-deductions/discussion/if-the-stumps-are-there-because-of-a-storm-and-not-just-b/01/596533#M77850 If the stumps are there because of a storm and not just because you decided to remove the tree(s), yes. <BR /><BR />If the shop is for a business, you would include the casualty loss, including the tree/stump removal, with your business expenses prorating as necessary if it's your designated home office. <BR /><BR />Basically trees and stumps clean up, damage, removal, count as casualty loss if they were the result of a storm, accident etc but are not deductible if you just want to remove the tree. Thu, 06 Jun 2019 05:20:31 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/if-the-stumps-are-there-because-of-a-storm-and-not-just-b/01/596533#M77850 SusanH 2019-06-06T05:20:31Z how do value the loss of the tree? https://ttlc.intuit.com/community/tax-credits-deductions/discussion/how-do-value-the-loss-of-the-tree/01/596560#M77857 how do value the loss of the tree? Thu, 06 Jun 2019 05:20:33 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/how-do-value-the-loss-of-the-tree/01/596560#M77857 chuck-s 2019-06-06T05:20:33Z Storm damage is considered a casualty loss. Here's how to... https://ttlc.intuit.com/community/tax-credits-deductions/discussion/storm-damage-is-considered-a-casualty-loss-here-s-how-to/01/596564#M77859 <P>Storm damage is considered a casualty loss.</P><P> <B>Here's how to enter a casualty loss</B> </P><UL> <LI>Go to the Federal Taxes</LI> <LI> Deductions and Credits</LI> <LI>Click “I’ll choose what I work on”</LI> <LI> Scroll down to Deductions and Credits,&nbsp;</LI> <LI>Click start across from Casualties and Thefts </LI> </UL><P>&nbsp;</P><P>A personal Casualty loss is first reported on Form 4684 (Casualties and Thefts).&nbsp; Personal losses are subject to a $100 subtraction (Line 11) and a subtraction of 10% of your Adjusted Gross Income ( Line 17) on Form 4684 because it is a personal loss.&nbsp; Your loss amount then goes to line 20 of&nbsp; your Itemized Deductions Schedule A&nbsp; </P><P>&nbsp;</P><P>If your standard deduction is higher than your Schedule A&nbsp; (Itemized deductions), you will use the standard deduction and no additional loss will be allowed&nbsp; TurboTax will default to the higher deduction</P><P>&nbsp;</P><P> <B>This year the standard deduction for :</B> </P><UL> <LI>Single&nbsp; or Married Filing Separate - $6,300</LI> <LI>Married Filing Jointly or Qualifying Widow(er) - $12,600</LI> <LI>Head of Household - $9,250</LI> </UL><P> </P> Thu, 06 Jun 2019 05:20:37 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/storm-damage-is-considered-a-casualty-loss-here-s-how-to/01/596564#M77859 SusanH 2019-06-06T05:20:37Z I want to enter the tree removal fee for huge eucalyptus... https://ttlc.intuit.com/community/tax-credits-deductions/discussion/i-want-to-enter-the-tree-removal-fee-for-huge-eucalyptus/01/596571#M77861 I want to enter the tree removal fee for huge eucalyptus fall due to a storm ($2500).&nbsp;&nbsp;Insurance paid zero.&nbsp;&nbsp;I went to "Casualties and Thefts" but I still cannot see how to enter this correctly.&nbsp;&nbsp;It wants a cost basis, the closest thing i can think to do is value the tree at $2500 before the storm and $0 after since the casualty cost $2500, but it seems like their should be a better way....??? Thu, 06 Jun 2019 05:20:39 GMT https://ttlc.intuit.com/community/tax-credits-deductions/discussion/i-want-to-enter-the-tree-removal-fee-for-huge-eucalyptus/01/596571#M77861 jennyb2 2019-06-06T05:20:39Z
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topic Is the cost of tree removable destroyed by storm deductable? in Deductions & credits
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https://ttlc.intuit.com/community/tax-credits-deductions/discussion/is-the-cost-of-tree-removable-destroyed-by-storm-deductable/01/596507#M77846
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<P>Trees were blown down by a storm a tree service company changed $4300 to remove and repair yard is this cost deductable ?</P><P>&nbsp;</P>
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<pubDate>Thu, 06 Jun 2019 05:20:26 GMT</pubDate>
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<dc:date>2019-06-06T05:20:26Z</dc:date>
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Is the cost of tree removable destroyed by storm deductable?
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https://ttlc.intuit.com/community/tax-credits-deductions/discussion/is-the-cost-of-tree-removable-destroyed-by-storm-deductable/01/596507#M77846
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<P>Trees were blown down by a storm a tree service company changed $4300 to remove and repair yard is this cost deductable ?</P><P>&nbsp;</P>
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<title>Can you deduct the tree removal too?</title>
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<pubDate>Thu, 06 Jun 2019 05:20:27 GMT</pubDate>
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Is tree removal from a shop deductible? What about the tr...
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https://ttlc.intuit.com/community/tax-credits-deductions/discussion/is-tree-removal-from-a-shop-deductible-what-about-the-tr/01/596527#M77849
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Is tree removal from a shop deductible? What about the trees that fell in our yard, is the removal of those deductible?
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<pubDate>Thu, 06 Jun 2019 05:20:29 GMT</pubDate>
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https://ttlc.intuit.com/community/tax-credits-deductions/discussion/is-tree-removal-from-a-shop-deductible-what-about-the-tr/01/596527#M77849
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<dc:creator>sitnay</dc:creator>
<dc:date>2019-06-06T05:20:29Z</dc:date>
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If the stumps are there because of a storm and not just b...
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https://ttlc.intuit.com/community/tax-credits-deductions/discussion/if-the-stumps-are-there-because-of-a-storm-and-not-just-b/01/596533#M77850
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If the stumps are there because of a storm and not just because you decided to remove the tree(s), yes. <BR /><BR />If the shop is for a business, you would include the casualty loss, including the tree/stump removal, with your business expenses prorating as necessary if it's your designated home office. <BR /><BR />Basically trees and stumps clean up, damage, removal, count as casualty loss if they were the result of a storm, accident etc but are not deductible if you just want to remove the tree.
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<pubDate>Thu, 06 Jun 2019 05:20:31 GMT</pubDate>
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<dc:creator>SusanH</dc:creator>
<dc:date>2019-06-06T05:20:31Z</dc:date>
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<title>how do value the loss of the tree?</title>
<link>
https://ttlc.intuit.com/community/tax-credits-deductions/discussion/how-do-value-the-loss-of-the-tree/01/596560#M77857
</link>
<description>how do value the loss of the tree?</description>
<pubDate>Thu, 06 Jun 2019 05:20:33 GMT</pubDate>
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https://ttlc.intuit.com/community/tax-credits-deductions/discussion/how-do-value-the-loss-of-the-tree/01/596560#M77857
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<dc:creator>chuck-s</dc:creator>
<dc:date>2019-06-06T05:20:33Z</dc:date>
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Storm damage is considered a casualty loss. Here's how to...
</title>
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https://ttlc.intuit.com/community/tax-credits-deductions/discussion/storm-damage-is-considered-a-casualty-loss-here-s-how-to/01/596564#M77859
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<P>Storm damage is considered a casualty loss.</P><P> <B>Here's how to enter a casualty loss</B> </P><UL> <LI>Go to the Federal Taxes</LI> <LI> Deductions and Credits</LI> <LI>Click “I’ll choose what I work on”</LI> <LI> Scroll down to Deductions and Credits,&nbsp;</LI> <LI>Click start across from Casualties and Thefts </LI> </UL><P>&nbsp;</P><P>A personal Casualty loss is first reported on Form 4684 (Casualties and Thefts).&nbsp; Personal losses are subject to a $100 subtraction (Line 11) and a subtraction of 10% of your Adjusted Gross Income ( Line 17) on Form 4684 because it is a personal loss.&nbsp; Your loss amount then goes to line 20 of&nbsp; your Itemized Deductions Schedule A&nbsp; </P><P>&nbsp;</P><P>If your standard deduction is higher than your Schedule A&nbsp; (Itemized deductions), you will use the standard deduction and no additional loss will be allowed&nbsp; TurboTax will default to the higher deduction</P><P>&nbsp;</P><P> <B>This year the standard deduction for :</B> </P><UL> <LI>Single&nbsp; or Married Filing Separate - $6,300</LI> <LI>Married Filing Jointly or Qualifying Widow(er) - $12,600</LI> <LI>Head of Household - $9,250</LI> </UL><P> </P>
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<pubDate>Thu, 06 Jun 2019 05:20:37 GMT</pubDate>
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https://ttlc.intuit.com/community/tax-credits-deductions/discussion/storm-damage-is-considered-a-casualty-loss-here-s-how-to/01/596564#M77859
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<dc:creator>SusanH</dc:creator>
<dc:date>2019-06-06T05:20:37Z</dc:date>
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I want to enter the tree removal fee for huge eucalyptus...
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https://ttlc.intuit.com/community/tax-credits-deductions/discussion/i-want-to-enter-the-tree-removal-fee-for-huge-eucalyptus/01/596571#M77861
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I want to enter the tree removal fee for huge eucalyptus fall due to a storm ($2500).&nbsp;&nbsp;Insurance paid zero.&nbsp;&nbsp;I went to "Casualties and Thefts" but I still cannot see how to enter this correctly.&nbsp;&nbsp;It wants a cost basis, the closest thing i can think to do is value the tree at $2500 before the storm and $0 after since the casualty cost $2500, but it seems like their should be a better way....???
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<dc:date>2019-06-06T05:20:39Z</dc:date>
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