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roses0305
New Member

Can water damage to your home be deducted from your income taxes.

Outside broken water line that insurance won't cover.
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DoninGA
Level 15
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

Can water damage to your home be deducted from your income taxes.

Repairs made to a personal residence, not used in a business or as a rental, are not deductible on a tax return.

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2 Replies
DoninGA
Level 15
Intuit Approved! This answer has been verified for accuracy by an Intuit expert employee

Can water damage to your home be deducted from your income taxes.

Repairs made to a personal residence, not used in a business or as a rental, are not deductible on a tax return.

Can water damage to your home be deducted from your income taxes.

if this was due to a declared natural disaster you may be able to take a casualty loss deduction

se irs pub 547

https://www.irs.gov/site-index-search?search=pub+547&field_pup_historical_1=1&field_pup_historical=1 

 

 

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