Is the cost of tree removable destroyed by storm d...
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Is the cost of tree removable destroyed by storm deductable? How about the tree replacement?

 
2 Replies
Level 15

Is the cost of tree removable destroyed by storm deductable? How about the tree replacement?

Unless you are in a federally declared disaster area, casualty losses are no longer deductible on a federal return.

 

https://ttlc.intuit.com/questions/4482873-which-federal-tax-deductions-have-been-suspended-by-tax-re...

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
Anonymous
Not applicable

Is the cost of tree removable destroyed by storm deductable? How about the tree replacement?

was the tree located on business including rental property, then it would be deductible on the appropriate form.   if it was your home, then no. 

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