You'll need to sign in or create an account to connect with an expert.
Sorry---you cannot deduct casualty losses unless they occur in a federal disaster area. Your damage is not deductible.
even if in a federally declared disaster area, you would need to file an insurance claim. The tax laws do not want to pay, via a tax deduction, for losses covered by insurance.
Still have questions?
Make a postAsk questions and learn more about your taxes and finances.
wademitch
New Member
qadro
Level 2
tktt
Returning Member
m-alee-4
New Member
sbasants
New Member
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.