Question

What expenses related to being burned out of my home by a fire can I deduct? I had to stay in AirBnBs and I did a partial move out and back in.

Forum|Forum|4 years ago
May 8, 2022
1 reply
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(Could this count as a "disaster" of some kind? The damage to our building was due to arson.)

TurboTax Deluxe Online

Employee

So sorry for your dreadful fire-related expenses. But unless you were in an area that has been declared a federal disaster area--such as a wildfire area, you cannot deduct anything for the fire on your federal return. When the tax laws changed for 2018 and beyond, casualty and theft losses were eliminated as a federal deduction unless you are in a disaster area.

https://ttlc.intuit.com/questions/4482873-which-federal-tax-deductions-have-been-suspended-by-tax-reform

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