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April 6, 2025
Question

HVAC Leak

  • April 6, 2025
  • 1 reply
  • 0 views

Had HVAC leak in attic. Water damage to bathroom and laundry room ceiling, walls and floors. Insurance company denied the claim.  Cost to repair damage was $20,000. Is this a deductible loss?

1 reply

SusanY1
April 6, 2025

This is not deductible if it is your personal residence, at least not on your federal tax return.  If you live in a state that does not conform to federal rules for disaster losses, it may be deductible in your state. 

 

For a federal deduction only losses that are attributable to federally declared disasters are able to be deducted. 

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drforbusAuthor
April 10, 2025

Thank you for your quick response. That answers my question.