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April 1, 2025
Question

can i claim a water damage loss on my income tax that was due to corroded water pipes?

  • April 1, 2025
  • 1 reply
  • 0 views
My upstairs bathroom sprang a leak due to corrosion of a water pipe and it flooded the room directly below it. Can I claim this loss on my income tax?

    1 reply

    SusanY1
    April 1, 2025

    If this is for your personal residence the loss, is not deductible.  Since 2018 casualty (disaster) losses are only deductible for individuals when they are associated with a federally declared disaster area. 

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