We had business property (sculpture molds) stored at a foundry. A fire destroyed them. Can we claim a casualty loss?

[AnnetteB · Accepted solution]

Yes, you would claim a casualty loss for the loss of your business property.

Take a look at the TurboTax article below for more information and some assistance for entering this into your return.

https://ttlc.intuit.com/replies/3301959