I got into a car accident last year which lead to having to finance a car last year. how can I claim that on my taxes? I live in Oregon

You can only deduct a non-business casualty loss if the accident was caused by a federally declared disaster declared by the President. For example, you got into an accident while driving after a hurricane.

You can claim business casualty losses outside of disaster areas. For example, you got into an accident while driving a car you use for Uber or Lyft.

To enter an accident in TurboTax

• Type casualty loss in Search in the upper right
• Click Jump to casualty loss
• Say Yes to Did you have anything damaged or stolen in 2020?
• In Casualty or Theft Event enter a description and date. Choose either Personal Property or Income-Producing Property. TurboTax will put you on the right path.

Oregon follows federal rules for casualty and theft losses. If you enter a loss in Deductions & Credits, it will carry over (if applicable) to Oregon.

Learn more at Topic No. 515 Casualty, Disaster, and Theft Losses.