During Nov/Dec ice storm my sun room sustained major damage. My associations inspector failed the roof and siding. Structural damage was found and the sun room and a storage room below it had to be taken down. It was replaced by a deck and storage room. My insurance covered none of it except one shingle, which was below my deductible. Will I be able to claim any of this on my taxes?
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Casualty losses are a Schedule A itemized deduction. See Form 4865. If you're in a federal disaster area, also see Publication 547.
-- Phil Marti Clarksburg, MD
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Another answered the casualty loss deduction, but I'd question that if it were really storm-caused structural damage that insurance shouldn't have taken up a larger chunk of it. Unless, of course, you were either un- (which doesn't seem right as mentioned deductible) or under- insured. Unless understand reason for any claim being refused and comfortable with the reason(s) therefore, would seem worth pursuing.
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