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If the damage was done to your personal home, you may be able to deduct the $7K under casualty loss. A casualty loss can result from the damage, destruction, or loss of your property from any sudden, unexpected, or unusual event such as a flood, hurricane, tornado, fire, earthquake, or volcanic eruption. A casualty does not include normal wear and tear or progressive deterioration.
https://www.irs.gov/taxtopics/tc515.html
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