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Can a Casualty Loss for 2016 be carried back

Due to 2016 Flood in Louisiana
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DanO
New Member

Can a Casualty Loss for 2016 be carried back

Yes, the casualty losses from the Louisiana floods can be claimed by amending your 2016 returns.

You can claim losses that are in excess of $500 that were not covered by insurance or government grants. These losses will be deductible from your taxable income even if you did not itemize your deductions in 2

Click here for instructions to amend 2016 return using TurboTax Online

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1 Reply
DanO
New Member

Can a Casualty Loss for 2016 be carried back

Yes, the casualty losses from the Louisiana floods can be claimed by amending your 2016 returns.

You can claim losses that are in excess of $500 that were not covered by insurance or government grants. These losses will be deductible from your taxable income even if you did not itemize your deductions in 2

Click here for instructions to amend 2016 return using TurboTax Online

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