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twalls44
New Member

Can I claim the amount of depreciated value that insurance didn't pay from a fire at resident?

Can I claim the amount of depreciated value that insurance didn't pay from a fire at resident?

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1 Reply
Coleen3
Intuit Alumni

Can I claim the amount of depreciated value that insurance didn't pay from a fire at resident?

Unfortunately, there is no more casualty and theft deductions unless it is a Presidentially declared disaster area. This has been eliminated under TCJA 2018.

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