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F
fkhalilz
March 10, 2022
Question

Are damages not reimbursed by moving company deductible? Tax Year 2021

  • March 10, 2022
  • 1 reply
  • 0 views

I searched the TT Community and found contradicting responses to this question. So I'd like to be sure before I entering it into TT.

 

We moved in 2021 from Texas to California. We had a terrible moving experience to say the least. After a lot of back and forth, calls, emails, etc. they partially reimbursed us for some of the damages.

 

Q1. I can deduct such losses?

 

Q2. Is my understanding correct that I would need to itemize to get this deduction?

 

Q3. Can I simply claim the difference between the total claimed amount and what was covered by the moving company as my loss? I hope I don't have to list each individual damaged item because there are many!

 

Q4. Is the highlighted line where I enter this into TT? What data do I need for this claim?

 

Thank you!

    1 reply

    T
    ThomasM125
    March 10, 2022

    You cannot deduct the loss, as casualty and theft losses are only deductible under current federal tax law for federally declared disasters.

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      F
      fkhalilzAuthor
      March 10, 2022

      So, where can I deduct this loss then?

       

      A
      AamilD
      March 10, 2022

      You cannot deduct that loss since its not tax deductible. 

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