turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
Announcements
Close icon
Do you have a TurboTax Online account?

We'll help you get started or pick up where you left off.

rmpaugh89
New Member

I had wind damage to my home’s roof and insurance wouldn’t cover the majority of the cost. Can I deduct the out of pocket expenses?

 
x
Do you have an Intuit account?

Do you have an Intuit account?

You'll need to sign in or create an account to connect with an expert.

1 Best answer

Accepted Solutions
IsabellaG
Expert Alumni

I had wind damage to my home’s roof and insurance wouldn’t cover the majority of the cost. Can I deduct the out of pocket expenses?

Yes, you may be entitled to claim a Casualty Loss  deduction for the unreimbursed portion of your roof damage.

See the FAQ below. If you click on Enter a Casualty Loss you will see the directions for how to enter your information.

Also see this link for a detailed discussion of Casualty Losses.

 

https://ttlc.intuit.com/replies/3301959

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

View solution in original post

1 Reply
IsabellaG
Expert Alumni

I had wind damage to my home’s roof and insurance wouldn’t cover the majority of the cost. Can I deduct the out of pocket expenses?

Yes, you may be entitled to claim a Casualty Loss  deduction for the unreimbursed portion of your roof damage.

See the FAQ below. If you click on Enter a Casualty Loss you will see the directions for how to enter your information.

Also see this link for a detailed discussion of Casualty Losses.

 

https://ttlc.intuit.com/replies/3301959

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
message box icon

Get more help

Ask questions and learn more about your taxes and finances.

Post your Question