You will need to file a Form 4684 Casualties
and Thefts to claim a casualty loss
To enter your casualty loss in TurboTax
online program, go to:
1. Sign into your account and
select Take me to my return
2. At the upper right corner, in the
search box, type in casualty loss, then Enter
3. Select Jump to casualty loss
4. On screen, Stolen or Damaged
Items, answer Yes to the question to continue
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.
You can also claim this deduction for losses related to property used in a business, and you might also be able to deduct appraisal fees related to casualties and thefts. TurboTax will do the calculations for you, so all you’ll need to do is to enter your loss information.