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Dollar ridge fire in Utah. Is it deductible as casualty loss?

Golfer2016
Level 2

This was a big fire in rural Utah.  I can't find if the President declared it a disaster.  FEMA did come in and the Governor called it a National emergency.  What do you think?  If you can find it as a national emergency let me know. 


https://www.abc4.com/news/local-news/gov-herbert-tours-area-impacted-by-dollar-ridge-fire/1282169370

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qbteachmt
Level 15
Disaster listings for: Utah
Dollar Ridge Fire
Declared on Sunday, July 1, 2018 - 20:00

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6 Comments 6
qbteachmt
Level 15
Disaster listings for: Utah
Dollar Ridge Fire
Declared on Sunday, July 1, 2018 - 20:00

*******************************
Don't yell at us; we're volunteers
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Terry53029
Level 14
Level 14

hope this helps. 

Dollar Ridge Fire
Declared on Sunday, July 1, 2018 - 20:00

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Golfer2016
Level 2
Thanks, it just didn't say anything about the president.
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Golfer2016
Level 2
Even though the tax law seems to say a president has to declare it, if FEMA is assisting does that mean we are good?
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qbteachmt
Level 15

I don't know if you are asking about a casualty loss or a disaster loss. They are not Synonymous:

https://www.irs.gov/taxtopics/tc515

https://www.fema.gov/news-release/2018/07/02/fema-authorizes-funds-help-fight-utahs-dollar-ridge-fir...

I don't know what "good" means, either.



*******************************
Don't yell at us; we're volunteers
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Golfer2016
Level 2
It would be a casualty loss because it was a vacation cabin for the TP
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