IRS Form 4684 - How to Deduct Property Damage Losses from a Hurricane

2 years ago
17

If you live in a state that suffered a natural disaster during the year, you might be able to take an itemized tax deduction for losses sustained to your property.

This includes personal property (e.g., vehicles) and real property (e.g., your main home).

Federally declared disasters include hurricanes, wildfires, earthquakes, flooding, and many more.

The FEMA website can help you look up if a natural disaster had an impact on where you live.

https://www.fema.gov/disaster

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