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March 22, 2024
Question

Storm Damaged tree removal home/business

  • March 22, 2024
  • 1 reply
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I am self employed and I use my garage as a shop to repair vehicles. I had a tree that split and leaned on my garage/shop, in a storm, and had to have the tree removed. Can I claim the cost of this tree removal against my income as a casualty/loss?

    1 reply

    March 23, 2024

    No, not as a casualty loss unless your home was in a federally declared disaster area.

    However, you can deduct the costs of removing the tree for the portion directly attributable and required to continue operating your business in your garage/shop. This would be considered a maintenance expense for your business.

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