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S
stjameslee
June 1, 2019
Question

How do I claim the items lost in a flood?

  • June 1, 2019
  • 1 reply
  • 0 views
The flood was a Federal Disaster and we lost much of our household belongings.

1 reply

K
Kadian11
Employee
June 1, 2019

This is the Casualty and Theft deduction. This deduction covers property that’s damaged as a result of a disaster, such as a storm, flood, fire, car accident, or similar event, and also covers stolen property. Property includes anything you own.

To enter this in TurboTax:

  1. Go to the "Federal Taxes" tab
  2. Click on "Deductions & Credit" 
  3. Scroll down to "Other Deductions and Credits" and click on "show more" to the right of it
  4. Click "Start" next to "Casualties and Thefts" continue to follow the onscreen guide. 
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