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Home cadulty due to snow and ice. Can i take the CASULTY decuction on my 2024btades

 
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2 Replies

Home cadulty due to snow and ice. Can i take the CASULTY decuction on my 2024btades

Casualty losses can only be deducted if you are in a federally declared disaster area.

**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.**
AmyC
Employee Tax Expert

Home cadulty due to snow and ice. Can i take the CASULTY decuction on my 2024btades

It depends. If your area was declared a federal disaster area, then yes. See IRS disaster by state and date.

 

See also Casualty in Publication 547.

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