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loner1-
New Member

How do I claim as loss the fence replacement after Hurricane

my deductible is over 4000.00 Therefore the 3008. 00 That was paid was out of pocket.
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1 Reply
IreneS
Intuit Alumni

How do I claim as loss the fence replacement after Hurricane

You can report the casualty loss on your tax return by following these steps:

  1. Click on Federal Taxes [Personal in TurboTax Self-Employed] > Deductions & Credits.
  2. In the Other Deductions and Credits section, click on the Start/Revisit box next to Casualties and Thefts.  [See Screenshot #1 below.] 
  3. If you have not entered any casualty/theft information yet, you will see a screen, Stolen or Damaged Items. Click on the Yes box.
  4. If you have entered some casualty/theft information, you will see a screen Casualty and Theft Summary. 
    Click on the Add a Casualty or Theft link to add another event.  You can also edit or delete your previous entry.  [Screenshot #2]
  5. On the Losses From Fraudulent Investments screen click on the No box.
  6. On the Casualty or Theft Event screen, enter the requested information and mark the box Personal Property (includes home offices deducted under Simplified Method) (if this was your home).  [Screenshot #3]
  7. Click Continue.
  8. Continue through the screens, entering the requested information.


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