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sinkme76-
April 4, 2024
Question

Can I deduct anything for losses due to a fire in the house I was renting even if my renter's insurance had lapsed?

  • April 4, 2024
  • 2 replies
  • 0 views
I did not own the residence but had leased it for several years.

2 replies

X
xmasbaby0
April 4, 2024

So sorry---that is dreadful, but no, casualty losses are not deductible unless you were in a federally declared disaster area--like a wildfire area.

**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
V
Vanessa A
April 4, 2024

No.  Personal losses are not deductible unless from a federally declared disaster. 

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