Question 43 of 75. Which of the following is NOT considered a casualty event regardless of whether a casualty loss or gain will be allowed? Damage from a hurricane, tornado, earthquake, tidal wave, volcanic eruption, flood, storm, fire, or sonic boom Damage or loss from a terrorist attack Damage or loss of market value because the property is near a qualified casualty area. Damage or loss from straight-line winds. Mark for follow up question 45 of 75. In a federally declared disaster area, if a claim for reimbursement exists and there's a reasonable prospect of recovery, the casualty Will still be reported in the year the disaster took place. Will not be reported until the reimbursement claim is determined with reasonable certainty. Will be reported in the year immediately following the year the claim is determined with reasonable certainty. Will either be reported in the year of the disaster or on the tax return for the year before the disaster took place. Mark for follow up Summary Next >>