Tag Archives: flood disaster

Tips for Deducting Losses From a Disaster, Fire or Theft — Boris Benic CPA

March 29, 2016 If you suffer damage to your home or personal property, you may be able to deduct these “casualty” losses on your federal income tax return. A casualty is a sudden, unexpected or unusual event, such as a natural disaster (hurricane, tornado, flood, earthquake, etc.), fire, accident, theft or vandalism. A casualty loss […]

via Tips for Deducting Losses From a Disaster, Fire or Theft — Boris Benic CPA