Disaster Deductions

[dataport]

We had a federal declared disaster - Hurricane IAN/Florida/2022.  After fighting with Ins Co we finally got our roof replaced in 2024 - After their payment, we still incurred a loss (deductible, drywall, etc).

          Do I file for the loss in my 2024 return (or) can I amend my 2022 return?

[Opus 17]

Because the loss occurred in 2022, that;s when you report it on your tax return.  (You must report the FEMA number of the disaster on your tax return and the number must match the year.)

https://www.irs.gov/taxtopics/tc515

[dataport]

I didn't report my losses on my 2022 return.  Can I report it as an amended return - or file it on my 2024 return?

[Opus 17]

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@dataport wrote:

I didn't report my losses on my 2022 return.  Can I report it as an amended return - or file it on my 2024 return?

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You can only report it in the year of the loss.  That means you must amend your 2022 return.