I thought I read if an area is declared a Federal Disaster area the 10% of AGI is waived.

Example:

AGI:$100,000.00
10% 10,000.00

Loss: $40,000.00
Minus $10,000.00 <-- Is the $10,000. waived??

Casualty Loss = $30,000.00 Under normal conditions.

Under Federal...