turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
turbotax icon
cancel
Showing results for 
Search instead for 
Did you mean: 
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.

i lost a$35000.00 greenhouse but got no deduction on turbotax . why?

 
Connect with an expert
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.

2 Replies

i lost a$35000.00 greenhouse but got no deduction on turbotax . why?

is it personal or business?. personal casualty losses are not deductible for 2018-2025. if it's business you're entering in the wrong form or section.  we can't see what you are doing contact support if it's business

 

 

MaryK4
Expert Alumni

i lost a$35000.00 greenhouse but got no deduction on turbotax . why?

For tax years 2018 through 2025, a personal casualty and theft loss of personal-use property for an individual is deductible only if attributable to a federally-declared disaster.  

 

Was it used for business or destroyed in a federally declared natural disaster? If not, personal property losses are not deductible. 

**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
Manage cookies