R backed into his neighbor's mailbox, destroying it.R repaired the mailbox and may deduct this cost (subject to limitations) as a casualty loss.

Question

Quizplus · Accepted Answer

The cost of repairing damage that you caused to someone else's property is not deductible as a casualty loss on your taxes. Casualty losses typically cover sudden, unexpected, or unusual events such as natural disasters, not personal liabilities.

R Backed into His Neighbor's Mailbox, Destroying It