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Linda295
New Member

Can I declare house casualty losses from heavy rain that caused sudden collapse of our foundation wall and insurance did not pay?

 
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1 Reply
MinhT
Expert Alumni

Can I declare house casualty losses from heavy rain that caused sudden collapse of our foundation wall and insurance did not pay?

You can no longer claim a casualty loss unless it is caused by a federally declared disaster. This is a new provision in the new Tax Cuts and Jobs Act.

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