On a casualty loss can I deduct the total cost for repairing my home after the Harvey flood including deductibles I had to pay for both property and content damage?

[Phillip1 · Accepted solution]

The casualty loss accounts for the total cost of the damage minus the amount that the insurance company paid for reimbursement. The net cost of the damages would be what ever you paid out of pocket to repair the damage - this would include deductibles that you had to pay.