Francine
Level 2

My client had his water line bust outside the house. The water ran into the house and destroyed several rooms in the house. Is there anyway the remainder expenses  not covered by insurance can be deducted on return?

 

 

 

 

 

0 Cheers
Just-Lisa-Now-
Level 15
Level 15

No, personal casualty losses are not longer deductible unless they were the result of a federally declared disaster....should have found away to get the insurance to payout for all the expenses, they always lowball unless you press them for more!


♪♫•*¨*•.¸¸♥Lisa♥¸¸.•*¨*•♫♪