Francine
Level 2
02-22-2024
05:44 PM
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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?
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Level 15
02-22-2024
05:49 PM
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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♥¸¸.•*¨*•♫♪