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RayW7
May 5, 2021

TurboTax will guide you through an interview, where they will gather the information to file the loss on Schedule A.

 

In TurboTax, jump to the entry area for casualty loss:

  1. Open your return.
    (To do this, sign in to TurboTax and select the blue Take me to my return button.)
  2. Search for "casualty loss" and then click the "Jump to" link in the search results.
  3. On the Casualties and Thefts (or Stolen or Damaged Items) screen, select Yes.
  4. Answer the interview questions describing your event.
  5. When you complete the event and reach the Property Summary screen, you can enter any additional property losses by selecting the Add a Property button.

 

If your house, car or belongings are damaged or destroyed as a result of a federally declared disaster, you may qualify for a tax break to offset losses that aren't covered by insurance when you file a claim. Generally, only taxpayers who itemize deductions can take a tax write-off for damage to personal property.

 

-follow this link for additional information-

About Casualty Deduction for Federal Income Tax - TurboTax ...