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?

lscigary — Tue, 04 Jun 2019 01:04:57 GMT

Unfortunately, you cannot. A casualty loss deduction is l...

AlanT — Tue, 04 Jun 2019 01:04:59 GMT

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.

topic 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? in Investors & landlords

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?

Unfortunately, you cannot. A casualty loss deduction is l...