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See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. Lacerte | ProConnect | ProSeries
See what's trending for the November 15th deadline (Form 990) and resources for the upcoming tax season. Lacerte | ProConnect | ProSeries
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Casualty Loss
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3 Comments 3
sjrcpa
Level 15
02-28-2023
04:49 PM
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The casualty loss deduction is reduced by insurance proceeds received or expected to be received - in whatever year.
You don't have a loss to the extent insurance covered it.
The more I know, the more I don't know.
