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Can I claim repair cost to home caused by severe weather, but not a federally designated event?

 
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MaryK4
Expert Alumni

Can I claim repair cost to home caused by severe weather, but not a federally designated event?

Yes, you may be able to deduct as an itemized deduction, there are fewer restrictions if it was a qualified disaster area.  TurboTax will guide you through, but the basic process is:   For property held by you for personal use, you must subtract $100 from each casualty or theft event that occurred during the year after you've subtracted any salvage value and any insurance or other reimbursement. Then add up all those amounts and subtract 10% of your adjusted gross income from that total to calculate your allowable casualty and theft losses for the year.

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