PTIN Seal

Casualty Losses

  1. PTINdirectory
  2. Tax Knowledge Database
  3. Casualty Losses
  4. Are my termite damage costs considered a deductible casualty loss ?

Are my termite damage costs considered a deductible casualty loss ?

No. Any termite or moth damage costs are not considered casualty losses. Generally, casualty losses occur from auto accidents, earthquakes, fires, floods, hurricanes, sonic booms, storms, thefts, tornadoes, vandalism, volcanic eruptions and other accidents.

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.