casualty Loss ?

[mrbill]

Client's basement incurred sewage damage from a break in the city sewage line. Approx. $20K in Losses. My understanding is no casualty loss on Schedule A. Correct ? Thanks,

[terryats]

That is correct for personal loss. See pub 547: https://www.irs.gov/pub/irs-pdf/p547.pdf

[TAXNJ]

Summarized version:

https://www.irs.gov/taxtopics/tc515