You'll need to sign in or create an account to connect with an expert.
Yes. You can claim Casualty and Theft deduction. This deduction covers property that’s damaged as a result of a disaster, such as a storm, flood, fire, car accident, or similar event, and also covers stolen property. Property includes anything you own. Due to the high limits on this deduction, people most often claim this deduction for losses related to their homes, vacation homes, vehicles, and other big-ticket items such as boats and recreational vehicles.
To enter this in TurboTax:
Yes. You can claim Casualty and Theft deduction. This deduction covers property that’s damaged as a result of a disaster, such as a storm, flood, fire, car accident, or similar event, and also covers stolen property. Property includes anything you own. Due to the high limits on this deduction, people most often claim this deduction for losses related to their homes, vacation homes, vehicles, and other big-ticket items such as boats and recreational vehicles.
To enter this in TurboTax:
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
shalundria1-gmai
New Member
bobkapel22
New Member
kimi_2short
New Member
nata41244
New Member
Victoria888
New Member
Did the information on this page answer your question?
You have clicked a link to a site outside of the TurboTax Community. By clicking "Continue", you will leave the Community and be taken to that site instead.