Can I deduct homeowner losses due to fire, wind, water damage, etc.?
TurboTax helps you determine if you can deduct a casualty loss. You'll need to know the amount of the loss, any reimbursements you received, and whether you were in a federally declared disaster area.
In TurboTax, enter casualty loss in the TurboTax search box and press the Find key. Click Jump to casualty loss.
On the Stolen or Damaged Items screen, click Yes and answer the interview questions describing your event.