Can i claim a loss due to an apt fire in which i did not have renters insurance. if so how do i file? is it worth it to do the cpa or ea advice for 149.99 vs deluxe?

[drozc5544]

i had a total loss due to an apt fire i had.  later i found out that i had no renters insurance and had to rebuild from nothing.  am i able to file for that loss and maybe get reimbursed, if so how do i file, what forms.  is it wise of me to do the 149.99 option vs. the deluxe.  i want to start filing but i dont know where to begin.  thank you

[Coleen3 · Accepted solution]

You can enter the loss as a Casualty and Theft.

Reporting a casualty can help you but only if you meet the qualifications. Personal losses are reported on Form 4684 and are carried over to Schedule A if you itemize. (Casualties for businesses are reported on the same form on Part B.)

In TurboTax (for personal losses):

• Go to Federal Taxes

• Deductions and Credits

• Scroll down to Other Deductions and Credits

 You will need to know the following:

•  Cost or adjusted basis of each property 
•   Insurance or other reimbursement (whether or not you filed a claim). 
•   Fair market value after casualty or theft 

 You can read more about this at the IRS website. Here is the link:

https://www.irs.gov/publications/p547