When the taxpayer anticipates a full recovery on a casualty loss of personal-use property but receives less than full recovery in a subsequent year,the unrecovered portion may be deducted.

Name: When the taxpayer anticipates a full recovery on a casualty loss of personal-use property but receives less than full recovery in a subsequent year,the unrecovered portion may be deducted.
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Casualty losses in excess of insurance recovery can be taken into account for a casualty loss deduction.

When the Taxpayer Anticipates a Full Recovery on a Casualty