How can I verify my casualty loss (my car was completely burned-up in a fire) is properly considered when a prompt asked if this was my personal residence?
In my summary screen of Credits and Deductions under casualty or theft loss, it only displayed the amount I listed for the new floor mats that were not covered by insurance. The cost of the burned car was not listed?
01346
1 Best answer
TaxGuyBill
Level 9
Jun 6, 2019 10:48:17 AM
If everything else was paid for by insurance, you don't really have a loss, do you?
1 Replies
TaxGuyBill
Level 9
Jun 6, 2019 10:48:17 AM
If everything else was paid for by insurance, you don't really have a loss, do you?