HVAC Leak

[drforbus]

Had HVAC leak in attic. Water damage to bathroom and laundry room ceiling, walls and floors. Insurance company denied the claim.  Cost to repair damage was $20,000. Is this a deductible loss?

[SusanY1]

This is not deductible if it is your personal residence, at least not on your federal tax return.  If you live in a state that does not conform to federal rules for disaster losses, it may be deductible in your state. 

For a federal deduction only losses that are attributable to federally declared disasters are able to be deducted. 

[drforbus]

Thank you for your quick response. That answers my question.