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pkelly38a
Returning Member

personal property losses 2018

In 2018 , I worked in California but resided in Florida. Hurricane Irma forced me to return.  I had to move from Florida to Arizona in  March.  I lost personal property. My former housemate kicked me out.  I wasn't  allowed to retrieve my property: furniture, TV's, Dvd's, tools, Beds and bedding,  appliances,  clothing, personal papers, books.  My  lost around $4000.00.  How do claim the loss in Turbo Tax 2018? 

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3 Replies
ColeenD3
Expert Alumni

personal property losses 2018

You might be hard pressed to connect the theft to the hurricane due to the dates and how the event played out. Normally, you would have been expected to file a police report. The IRS says this:

 

Personal casualty losses attributable to certain 2017 federally declared disasters, including Hurricane Irma and Hurricane Maria, may be claimed as a qualified disaster loss. (theft)

 

 

Limitation on personal casualty and theft lossesPersonal casualty and theft losses of an individual, sustained in a tax year beginning after 2017, are deductible only to the extent that the losses are attributable to a federally declared disaster.

 

Personal casualty and theft losses attributable to a federally declared disaster are subject to the $100 per casualty and 10% of your adjusted gross income (AGI) limitations. An exception to the rule above, limiting the personal casualty and theft loss deduction to losses attributable to a federally declared disaster, applies if you have personal casualty gains for the tax year. In this case, you will reduce your personal casualty gains by any casualty losses not attributable to a federally declared disaster. 

 

Casualty and Theft

pkelly38a
Returning Member

personal property losses 2018

I also applied for FEMA assistance after Hurricane  Irma. I received NO HELP. I suffered along with many others. Hurricane Irma forced me to leave Florida.  No jobs. I took the first opportunity to work. No jobs in my field. 

How do you claim loss of income due to Irma?

MaryK4
Expert Alumni

personal property losses 2018

Unfortunately, there is no disaster loss of income deduction for the federal taxes.

 

@pkelly38a

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