How do we describe property damaged by a flood? We replaced carpeting, padding, drywall, baseboard and insulation. Will IRS accept lump-sum receipt for restoration work?

[tombbrem]

Regarding Form 4684, how specific must we be in describing property damaged by a flood? We replaced carpeting, padding, drywall, baseboard and insulation in 4 different rooms. We have a lump-sum receipt from the company that performed all of the restoration work; is that sufficient for IRS purposes?

We also lost quite a few miscellaneous items such as a vacuum cleaner, a fan, storage cabinets, bathroom vanity, throw rugs, holiday decorations, etc. Must we list each item separately (meaning multiple pages of Form 4684) or can we lump them together as one casualty loss? We have completed the Workbook 4684 and arrived at a "room by room" description of loss but unless there is a way to submit the entire workbook to the IRS we will be filling out at least 10 different Form 4684's.

We are not in a disaster area and none of the damage was reimbursed by insurance. 

[ScottT · Accepted solution]

Yes, you can deduct the loss on your tax return and report the description with lump-sum amount for the loss, excluding reimbursement from the Insurance, if any. https://ttlc.intuit.com/replies/5963562

How to enter Casualty Loss in TurboTax Online

1. Start at the main Tax Home page
2. Click on Take me to my return
3. Click on the top right Search icon, then type in casualty loss, it will direct you to the page
4. Select the answer relates to your situation (attached screen page provided to guide you through the interview pages). Go through the pages and complete the questions