Posts Tagged ‘Casualty Loss’

How to Declare a Casualty Loss From Hurricane Sandy


Hurricane Sandy has left her mark.  This included power outages, significant property damage and, sadly loss of life.

How to Claim a Casualty Loss on Your Income Tax Return

Hurricane Irene hit the eastern coastline hard this past weekend.  In the south, Irene was originally designated as a "Category 3" hurricane.  The highest rating and most violent is a Category 5.  Irene was subsequently downgraded to a Category 1.  It’s very early, but it is estimated that the damage caused by this hurricane could be between $3 and $5 billion.  In Connecticut, we were also hit hard by Hurricane Irene.  The property damage has been estimated … Continue reading »