What exactly is a "casualty loss" when doing federal taxes?

2 ⤊

2007-02-01 06:41:26 · 2 answers · asked by seamstress 2 in Business & Finance ➔ Taxes ➔ United States

Examples would be losses from a fire or a flood or a windstorm.

2007-02-01 06:52:50 · answer #1 · answered by Allan 6 · 1⤊ 0⤋

A sudden unexpected event that causes damage to assets.

Tornado
Hurricane
Fire
Flood
Burglary
Car Theft

2007-02-01 14:54:40 · answer #2 · answered by Wayne Z 7 · 1⤊ 0⤋