PTIN Seal

Casualty Losses

  1. PTINdirectory
  2. Tax Knowledge Database
  3. Casualty Losses
  4. Examples of Types of Events that Qualify As a Casualty Loss

Examples of Types of Events that Qualify As a Casualty Loss

A deductible loss can result from a number of events. Here are some examples: •Storm (including hurricanes and tornadoes). •Flood and wind, •Fire, •Earthquake, •Other “sudden and unexpected events,” such as an automobile accident, also qualify as a casualty for tax purposes.

Need Professional Help?

If you need help with "Casualty Losses" or have other tax questions, we can help you find a local licensed tax preparer for a free, no-obligation consultation.