Casualty Losses

Are The Costs Associated With Termite Eradication Deductible?

Probably not. Casualty losses must be from sudden, unexpected or unusual events. Termite damage is considered gradual and progressive, and therefore not deductible.

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