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buerb55
March 27, 2025
Question

I had $33,400 worth of damage to my home in May, 2024. I had a $2,500 deductible, so I lost $2,500. How do I claim that loss?

  • March 27, 2025
  • 2 replies
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    2 replies

    KrisD15
    KrisD15
    March 27, 2025

    You can go to 

    Deductions & Credits

    Other Deductions and Credits

    Casualties and Thefts

     

    START

     

    Please use the "Learn More" link for that section since there are several rules that pertain to what can and cannot be claimed and where the loss is reported. 

    **Say "Thanks" by clicking the thumb icon in a post**Mark the post that answers your question by clicking on "Mark as Best Answer"
    B
    Bsch4477
    March 27, 2025

    Casualty losses are no longer deductible on the federal return unless caused by a federally declared disaster but may be a deduction on your state return. 

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