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Level 2

Question

HVAC Leak

Forum|Forum|1 year ago
April 6, 2025
2 replies
14 views

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?

TurboTax Premier Online

Level 15

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.

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Level 2

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