Recovery Talk - Casualty Loss

Join Centura Consulting Services for an informative session on casualty loss tax relief for victims of natural disasters.
About this Event

What is a Casualty Loss?

A casualty loss is damage, destruction, or loss of property resulting from a sudden, unexpected, or unusual event - such as a wildfire, hurricane or flood.

When such events are Federally Declared Disasters, a loss may be deductible under IRC §165 to the extent it is not compensated by insurance or otherwise, subject to the applicable tax rules and limitations.