Deducting Casualty Losses
Casualty losses are deductible but can be hard to claim.
What Constitutes a Deductible Casualty Loss?
Suddenness is the hallmark of a casualty loss. Find out what type of events qualify.
Can Co-op Owners Deduct Casualty Losses?
Co-op owners can deduct shared casualty losses for common areas. Find out how and why.