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omickel
New Member

casualty loss

We loss 6000 of property damage during a windstorm that insurance did not cover, how can i claim it.

 

OM

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2 Replies

casualty loss

A Casualty or Theft loss is not deductible on a federal tax return unless the loss occurred in a federally declared disaster area.

casualty loss

Casualty Losses You Can Deduct
For tax years 2018 through 2025, if you are an
individual, losses of personal-use property from
fire, storm, shipwreck, or other casualty, or theft
are deductible only if the loss is attributable to a
federally declared disaster (federal casualty
loss). See Pub. 547 for more information.

 

https://www.irs.gov/pub/irs-pdf/p547.pdf 

 

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