Cool Claiming 2018 Disaster Losses On Vacation Home References. A casualty loss is the. Which a disaster loss was claimed.

Casualty losses are deductible only to the extent they exceed $100 plus 10% of your adjusted gross income (agi). Due to the tax cuts and jobs act of 2018, only losses directly related to a federally declared disaster can be claimed. Finally, subtract $5,000 (10% of your agi).