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March 25, 2025
Question

Does a loss of 2nd home due to a Federal Disaster in Florida get a deduction in NY state ?

  • March 25, 2025
  • 1 reply
  • 0 views

I am a NY State resident, but I had a 2nd home in the state of Florida. It was a total loss due to Hurricane Helene.

I get the Federal deduction on TT but not the NY state deduction. Are state deductions for federal disasters only applicable if the disaster occurs in the state where it occurred ? 

    1 reply

    March 26, 2025

    No, you can use the federal Casualty loss on your New York state tax return.