We lost our home in a fire in December. How will t...
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We lost our home in a fire in December. How will this effect our taxes

 
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Level 15

We lost our home in a fire in December. How will this effect our taxes

So sorry----was this in a an area that has been declared a federal disaster area?   Or just a very  unfortunate event for you?   If it was the latter, so sorry---but casualty losses are not deductible on a federal return unless they happened in a federal disaster area.

 

https://ttlc.intuit.com/questions/4482873-which-federal-tax-deductions-have-been-suspended-by-tax-re...

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
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