I had a pipe break on my second floor of my home causing a flood. I had to replace the walls, floors, furniture and many other items. Can I deduct this

[jerry2000]

Did you have insurance? What did it cover?

[noralynnrosario]

I did have insurance but still paid about $25,000 out of pocket

[noralynnrosario]

It covered floor, walls, some items

[jerry2000 · Accepted solution]

You may be able to get some relief by claiming it as a Casualty/Theft itemized deduction. Click on Federal taxes, then on Deductions and credits
choose I'll choose what I work on
scroll down to
Casualty and Theft loss
follow the interview.