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A federal casualty loss is an individual's casualty or theft loss of personal-use property that is attributable to a federally declared disaster. The casualty loss must occur in a state receiving a federal disaster declaration.
No deductuon.
Yes, sorry, that sounds dreadful, but there is no federal tax deduction for that sort of misfortune. There is no deduction for theft or casualty losses except for casualty losses that occur in federal disaster areas.
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