Trees were blown down by a storm a tree service company changed $4300 to remove and repair yard is this cost deductable ?
You'll need to sign in or create an account to connect with an expert.
Storm damage is considered a casualty loss.
Here's how to enter a casualty loss
A personal Casualty loss is first reported on Form 4684 (Casualties and Thefts). Personal losses are subject to a $100 subtraction (Line 11) and a subtraction of 10% of your Adjusted Gross Income ( Line 17) on Form 4684 because it is a personal loss. Your loss amount then goes to line 20 of your Itemized Deductions Schedule A
If your standard deduction is higher than your Schedule A (Itemized deductions), you will use the standard deduction and no additional loss will be allowed TurboTax will default to the higher deduction
This year the standard deduction for :
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
rina-cao-gmail-c
New Member
jennifer-alberts
New Member
insttax
Level 1
Callie66
New Member
llB26
Level 1
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.