Question

One of our properties was hit with a wind storm in 2019, it was not a federal disaster. Am I able to claim the loss of mature trees as a personal property loss?

Forum|Forum|6 years ago
March 15, 2020
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Unfortunately, no. The rules changed with TCJA in 2017 for future years.

Special rules and return procedures expanded for claiming qualified disaster-related personal casualty losses. Recent legislation has expanded the special rules and return procedures for personal casualty losses attributable to certain major Federally declared disasters that occurred in 2018 or 2019. These personal casualty losses may be claimed as Qualified disaster losses on your Form 4684. For more information about claiming relief, see Pub. 54.