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Can I deduct living expenses incured when we had to evacuate our home due to Hurricane Matthew?

 
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bwa
Alumni
Alumni

Can I deduct living expenses incured when we had to evacuate our home due to Hurricane Matthew?

Sorry, but you can't. 

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.


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1 Reply
bwa
Alumni
Alumni

Can I deduct living expenses incured when we had to evacuate our home due to Hurricane Matthew?

Sorry, but you can't. 

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.


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