Casualty Deduction

StellaB34 · ‎April 10, 2022

I had a loss due to Hurricane Ida which was a Federally- declared disaster. My insurance did not cover anything, but FEMA provided partial assistance. How do I show the amount of the FEMA check on TurboTax

LeonardS · ‎April 10, 2022

FEMA disaster grants are not considered taxable income and are not reported on your tax return. This TurboTax link What if I have property that was lost or damaged (a casualty loss)? has information you may find helpful in claiming your disaster losses.

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StellaB34 · ‎April 15, 2022

Thanks Leonard. Can I also deduct the cost of the fee for a water remediation company that we hired to pumped out the water, rip up the carpet and dry out the area? I believe so, but can't figure out how and where on Turbo Tax.