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Casualty losses that are specifically allowed by the IRS include damage caused by fire, earthquake, government-ordered demolition or relocation of a home rendered unsafe due to a disaster, mine cave-ins, shipwrecks, sonic booms, storms, terrorist attacks, vandalism and volcanic eruptions. (Photo: Shutterstock) Casualty losses that are specifically allowed by the IRS include damage caused by fire, earthquake, government-ordered demolition or relocation of a home rendered unsafe due to a disaster, mine cave-ins, shipwrecks, sonic booms, storms, terrorist attacks, vandalism and volcanic eruptions. (Photo: Shutterstock)

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