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Can I claim a casualty property loss for Ash trees that have died due to the Emerald Ash Borer disease that is devastating our trees?

Forum|Forum|5 years ago
August 9, 2020
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Can I also claim the costs of having them taken down because they posed a threat to falling on our home?

TurboTax Online

Best answer by xmasbaby0

No. Casualty losses are not deductible on your federal return unless you are in a federally declared disaster area, per the tax laws that changed for 2018 and beyond. Even under the old laws you could not have claimed the cutting down of your trees due to disease.

https://ttlc.intuit.com/questions/4482873-which-federal-tax-deductions-have-been-suspended-by-tax-reform

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xmasbaby0Answer

Employee

No. Casualty losses are not deductible on your federal return unless you are in a federally declared disaster area, per the tax laws that changed for 2018 and beyond. Even under the old laws you could not have claimed the cutting down of your trees due to disease.

https://ttlc.intuit.com/questions/4482873-which-federal-tax-deductions-have-been-suspended-by-tax-reform

**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.**