I have a large casualty loss from last year that I did not get to utilize all of can I carry it forward to 2018. I have a loss showing on line 41 of my 2017 form 1040.

w-w-w-williams · ‎June 1, 2019

AlanT · ‎June 1, 2019

Unfortunately, the deduction for personal casualty or theft losses has been suspended (eliminated) through tax year 2025, unless the loss occurred in a federally-declared disaster area and was directly caused by the disaster. Therefore you will not be permitted to carry forward your loss from 2017.

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AlanT · ‎June 1, 2019

Unfortunately, the deduction for personal casualty or theft losses has been suspended (eliminated) through tax year 2025, unless the loss occurred in a federally-declared disaster area and was directly caused by the disaster. Therefore you will not be permitted to carry forward your loss from 2017.

**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"

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I have a large casualty loss from last year that I did not get to utilize all of can I carry it forward to 2018. I have a loss showing on line 41 of my 2017 form 1040.