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February 11, 2022
Question

Casualty Loss

  • February 11, 2022
  • 1 reply
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As part of the required information on entering a Casualty loss is "how much insurance reimbursement" was received.  Should only insurance payments be included or, in the case of losses from Hurricane Ida, should grants from FEMA also be included?

1 reply

February 11, 2022

Yes. Include FEMA assistance grants for loss or damage to property (real or personal) in "other reimbursement" for purposes of a casualty loss. 

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