Can i deduct the cost of a new roof installation on my home if it was damaged during a storm?

Insurance did not pay

posted

Connect with an expert

1 Reply

Can i deduct the cost of a new roof installation on my home if it was damaged during a storm?

Yes, you may be able to report a Casualty Loss for the loss of market value of your property.

See this post for more information, including where to enter this in TurboTax:

https://ttlc.intuit.com/replies/3301959

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

Still have questions?

Questions are answered within a few hours on average.

Post a Question

*Must create login to post