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    Determining a Casualty

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    Which of the following is most likely not considered a casualty?

    A. death of a pine tree due to a two-day infestation of pine beetles
    B. fire loss
    C. water damage caused by a broken water heater
    D. water damage to the walls and ceiling of a taxpayer's personal residence as the result of gradual deterioration of the roof.

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    The IRS limitation on casualty losses is that the loss cannot be ...

    Solution Summary

    This solution provides the correct answer to the casualty question listed. The main standard rule for determining a casualty from a non-casualty is listed, and the applicable tax reference is provided.