Internal Revenue Service
Revenue Ruling

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Rev.Rul. 2001-15

Section 165.—Losses

26 CFR 1.165-11: Election in respect of losses attributable to a disaster.

Under § 165(i) of the Internal Revenue Code, if a taxpayer suffers a loss attributable to a disaster occurring in an area subsequently determined by the President of the United States to warrant assistance by the Federal Government under the Disaster Relief and Emergency Assistance Act, 42 U.S.C. §§ 5121- 5204c (1988 & Supp. V 1993) (the Act), the taxpayer may elect to claim a deduction for that loss on the taxpayer's federal income tax return for the taxable year immediately preceding the taxable year in which the disaster occurred. For purposes of § 165(i), a disaster includes an event declared a major disaster or an emergency under the Act.

Section 1.165-11(e) of the Income Tax Regulations provides that the election to deduct a disaster loss for the preceding year must be made by filing a return, an amended return, or a claim for refund on or before the later of (1) the due date of the taxpayer's income tax return (determined without regard to any extension of time to file the return) for the taxable year in which the disaster actually occurred, or (2) the due date of the taxpayer's income tax return (determined with regard to any extension of time to file the return) for the taxable year immediately preceding the taxable year in which the disaster actually occurred.

The provisions of § 165(i) apply only to losses that are otherwise deductible under § 165(a). An individual taxpayer may deduct losses if they are incurred in a trade or business, if they are incurred in a transaction entered into for profit, or if they are casualty losses under § 165(c)(3).

The President has determined that during 2000 the areas listed below have been adversely affected by disasters of sufficient severity and magnitude to warrant assistance by the Federal Government under the Act.

FURTHER INFORMATION

For further information regarding this revenue ruling, contact Martin Scully Jr. on (202) 622-4960 (not a toll-free call).

Disaster Area - - Disaster Description - - Disaster Date 

Alabama 
Counties of DeKalb, Cherokee, and FEMA-1317-DR January 20 - 29 
Jackson Severe winter storm 
Counties of Jefferson and Tuscaloosa FEMA-1322-DR March 10 - 11 
Severe storms and flooding 
Counties of Cherokee, Dale, Etowah, FEMA-1352-DR December 16 - 22 
Geneva, Henry, Houston, Jefferson, Severe storms and 
Limestone, Macon, St. Clair, and tornadoes 
Tuscaloosa 
Alaska 
Municipality of Anchorage; Boroughs of FEMA-1316-DR December 21, 1999- 
Aleutians East, Bristol Bay, Denali, Severe winter storms February 23, 2000 
Fairbanks North Star, Kenai Peninsula, and avalanches 
Kodia Island, Lake and Peninsula, and 
Matanaska-Susitna; and Census Areas of 
Bethel, Dillingham, Southeast Fairbanks, 
Valdez-Cordova, and Wade Hampton 
Arizona 
Counties of Cochise, La Paz, Maricopa, FEMA-1347-DR October 21 - 
Pinal, Santa Cruz, and Yavapai Severe storms and November 8 
flooding 
Arkansas 
Counties of Arkansas, Benton, Bradley, FEMA-3159-EM December 12 - 
Calhoun, Clark, Cleveland, Columbia, Severe winter ice January 8, storm 2001 
Crawford, Crittenden, Cross, Dallas, 
Desha, Drew, Faulkner, Franklin, 
Garland, Grant, Hempstead, Hot Spring, 
Howard, Jackson, Jefferson, Johnson, 
Lafayette, Lee, Lincoln, Little River, 
Logan, Lonoke, Madison, Miller, 
Mississippi, Monroe, Montgomery, 
Nevada, Ouachita, Perry, Pike, Polk, 
Poinsett, Prairie, Pulaski, St. Francis, 
Saline, Scott, Sebastian, Sevier, 
Washington, White, Woodruff, Union, 
and Yell 
Counties of Arkansas, Baxter, Benton, FEMA-1354-DR December 12 - 
Boone, Bradley, Calhoun, Clark, Severe winter ice January 8, storm 2001 
Cleburne, Cleveland, Columbia, Conway, 
Crawford, Crittenden, Cross, Dallas, 
Desha, Drew, Faulkner, Franklin, Fulton, 
Garland, Grant, Hempstead, Hot Spring, 
Howard, Independence, Izard, Jackson, 
Jefferson, Johnson, Lafayette, Lee, 
Lincoln, Little River, Logan, Lonoke, 
Madison, Marion, Miller, Mississippi, 
Monroe, Montgomery, Nevada, Newton, 
Ouachita, Perry, Pike, Polk, Poinsett, 
Pope, Prairie, Pulaski, St. Francis, Saline, 
Scott, Searcy, Sebastian, Sevier, Sharp, 
Stone, Union, Van Buren, Washington, 
White, Woodroof, and Yell 
California 
Napa County FEMA-1342-DR September 3 
Earthquake 
District of Columbia 
District of Columbia FEMA-1325-DR January 25 - 31 
Severe winter storm 
District of Columbia FEMA-1338-DR August 7 Severe thunderstorms 
Florida 
Counties of Bay, Calhoun, Escambia, FEMA-1344-DR September 21 - 
Franklin, Gulf, Jefferson, Leon, Okaloosa, Tropical Storm Helene October 4 
and Walkulla 
Counties of Broward, Collier, Miami- FEMA-1345-DR October 3 - 11 
Dade, and Monroe Severe storms and 
flooding 
Georgia 
Counties of Banks, Barrow, Bartow, FEMA-1311-DR January 2- 2-February 1 
Butts, Carroll, Catossa, Chattooga, Severe winter storm 
Cherokee, Clarke, Cobb, Dawson, 
DeKalb, Douglas, Elbert, Fannin, Floyd, 
Forsyth, Franklin, Fulton, Gilmer, 
Gordon, Greene, Gwinnett, Habersham, 
Hall, Hart, Haralson, Henry, Jackson, 
Jasper, Jones, Lamar, Lumpkin, Monroe, 
Newton, Oconee, Oglethorpe, Paulding, 
Pickens, Pike, Rabun, Rockdale, 
Spalding, Stephens, Taliaferro, Union, 
Upson, Walker, Walton, White, and 
Wilkes 
Counties of Colquitt, Decatur, Grady, FEMA-1315-DR February 14 
Mitchell, Tift, and Turner Severe storms and 
tornadoes 
Hawaii 
Hawaii County FEMA-1348-DR October 28 - Severe storms and November 2 
flooding 
Idaho 
Counties of Ada, Bannock, Bingham, FEMA-1341-DR July 27-September 26 
Blaine, Boise, Clearwater, Custer, Wildfires 
Elmore, Idaho, Jerome, Lemhi, Lewis, 
Lincoln, Power, and Valley; and the Fort 
Hall Indian Reservation 
Illinois 
Counties of Bureau, Cook, DeWitt, FEMA-3161-EM December 10 - 31 
DuPage, Ford, Fulton, Grundy, Record/near record 
Henderson, Henry, Iroquois, Kane, snow 
Kankakee, Kendall, Lake, La Salle, 
Livingston, Marshall, McDonough, 
McHenry, McLean, Menard, Ogle, Peoria, 
Stark, Will, and Winnebago 
Indiana 
Counties of Allen, Carroll, Cass, Elkhart, FEMA-3162- EM December 11 - 31 
Fulton, Howard, Huntington, Jasper, Record/near record 
Kosciusko, Lagrange, Lake, Miami, snow 
Noble, Pulaski, St. Joseph, Steuben, 
White, and Whitley 
Kansas 
Counties of Crawford, Labette, and FEMA-1327-DR April 19 - 20 
Neosho Severe storms and 
tornadoes 
Kentucky 
Counties of Ballard, Breckinridge, FEMA-1310-DR January 3 - 4 
Carlisle, Crittenden, Daviess, Hancock, Tornadoes, severe 
Henderson, Hopkins, Livingston, storms, torrential rains 
Spencer, and Webster and flash flooding 
Counties of Bath, Bourbon, Boyd, Carter, FEMA-1320-DR February 18-March 2 
Fleming, Greenup, Harrison, Johnson, Severe storms and 
Lawrence, Lewis, Mason, Nicholas, flooding 
Oldham, Pendleton, Robertson, and Rowan 
Louisiana 
Parishes of Bienville, Claiborne, Lincoln, FEMA-1314-DR January 27 - 30 
Ouachita, Richland, Union, Webster, and Severe winter storm 
West Carroll 
Parishes of Bienville, Bossier, Caddo, FEMA-1357-DR December 
11 - 
Claiborne, Lincoln, Ouachita, Union and Severe winter ice January 3, storm 2001 
Webster 
Maine 
Counties of Androscoggin, Aroostock, FEMA-1326-DR March 28-April 26 
Franklin, Kennebec, Oxford, Piscataquis, Severe storms, 
flooding, 
Somerset, and Washington and ice jams 
Maryland 
Baltimore City; and Counties of Anne FEMA-1324-DR January 25 - 30 
Arundel, Baltimore, Calvert, Caroline, Severe winter storm 
Charles, Dorchester, Frederick, Howard, 
Kent, Montgomery, Prince Georges, 
Queen Anne's, St. Mary's, and Talbot 
Michigan 
Counties of Oakland and Wayne FEMA-1346-DR September 10 - 11 
Severe storms and 
flooding 
Minnesota 
Counties of Becker, Chippewa, Clay, FEMA-1333-DR May 17-July 26 
Clearwater, Dakota, Dodge, Faribault, Severe storms, flooding, 
Fillmore, Freeborn, Houston, Mahnomen, and tornadoes 
Mower, Norman, Ramsey, Roseau, 
Winona, and Yellow Medicine; and the 
White Earth Indian Reservation 
Missouri 
Counties of Crawford, Franklin, FEMA-1328-DR May 6 - 7 
Gasconade, Jefferson, St. Charles, Ste. Severe thunderstorms 
Genevieve, St. Francois, St. Louis and flash flooding 
County, Warren, and Washington 
Montana 
Counties of Beaverhead, Big Horn, FEMA-1340-DR July 13-September 25 
Blaine, Broadwater, Carbon, Carter, Wildfires 
Cascade, Chouteau, Custer, Deer Lodge, 
Fallon, Fergus, Flathead, Gallatin, 
Garfield, Glacier, Golden Valley, Granite, 
Hill, Jefferson, Judith Basin, Lake, Lewis 
and Clark, Liberty, Lincoln, Madison, 
Meagher, Mineral, Missoula, Musselshell, 
Park, Petroleum, Phillips, Pondera, 
Powder River, Powell, Prairie, Ravalli, 
Rosebud, Sanders, Silver Bow, Stillwater, 
Sweet Grass, Teton, Toole, Treasure, 
Wheatland, and Yellowstone; and Indian 
Reservations of the Blackfeet, Crow, 
Flathead, Fort Belknap, Northern 
Cheyenne, and Rocky Boy's 
Counties of Carter, Fallon, Richland, FEMA-1350-DR October 31 - 
Roosevelt, Sheridan, and Wibaux Severe winter storms November 20 
New Jersey 
Counties of Morris and Sussex FEMA-1337-DR August 12 - 21 
Severe storms, 
flooding 
and mudslides 
Counties of Atlantic, Bergen, Burlington, FEMA-3156-EM May 30 - November 1 
Camden, Cape May, Cumberland, Essex, West Nile Virus 
Gloucester, Hudson, Hunterdon, Mercer, 
Middlesex, Monmouth, Morries, Ocean, 
Passaic, Salem, Somerset, Sussex, Union, 
and Warren 
New Mexico 
Counties of Bernalillo, Catron, Chaves, FEMA-3154-EM May 5 - July 7 
Cibola, Colfax, Curry, BeBaca, Dona Severe fire threats 
Ana, Eddy, Grant, Guadalupe, Harding, 
Hidalgo, Lea, Lincoln, Los Alamos, Luna, 
McKinley, Mora, Otero, Quay, Rio 
Arriba, Roosevelt, San Juan, San Miquel, 
Sandoval, Sante Fe, Sierra, Socorro, Taos, 
Torrance, Union, and Valencia. 
Counties of Bernalillo, Chaves, Cibola, FEMA-1329-DR May 5 - June 9 
DeBaca, Dona Ana, Eddy, Guadalupe, Severe forest fire 
Lincoln, Los Alamos, McKinley, Mora, 
Otero, Rio Arriba, Sandoval, San Juan, 
San Miguel, Santa Fe, Sierra, Socorro, 
Taos, and Torrance 
New York 
Counties of Albany, Allegany, FEMA-1335-DR May 3 - August 12 
Cattaraugus, Chenango, Columbia, Severe storms and 
Dutchess, Erie, Essex, Greene, Herkimer, flooding 
Lewis, Livingston, Madison, 
Montgomery, Niagara, Oneida, 
Onondaga, Orleans, Otsego, Rensselaer, 
Schenectady, Schoharie, Steuben, 
Sullivan, Tioga, Tompkins, Ulster, and 
Yates 
New York City; and Counties of Albany, FEMA-3155-EM May 22 - November 1 
Allegany, Bronx, Broome, Cattaraugus, West Nile Virus 
Cayuga, Chautauqua, Chenango, 
Chemung, Clinton, Columbia, Cortland, 
Delaware, Dutchess, Erie, Essex, 
Franklin, Fulton, Genesee, Greene, 
Hamilton, Herkimer, Jefferson, Kings, 
Lewis, Livingston, Madison, Monroe, 
Montgomery, Nassau, Niagara, Oneida, 
Onondaga, Ontario, Orange, Orleans, 
Oswego, Otsego, Putnam, Queens, 
Rensselaer, Richmond, Rockland, St. 
Lawrence, Saratoga, Schenectady, 
Schoharie, Schuyler, Seneca, Steuben, 
Suffolk, Sullivan, Tioga, Tompkins, 
Ulster, Warren, Washington, Wayne, 
Westchester, Wyoming, and Yates 
Counties of Cattaraugus, Chautauqua, and FEMA-3157- EM November 19 - 21 
Erie Near record snow 
North Carolina 
Counties of Alamance, Anson, Cabarrus, FEMA-1312-DR January 2- 4-February 1 
Caswell, Chatham, Davidson, Durham, Severe winter storm 
Edgecombe, Franklin, Granville, 
Guilford, Halifax, Harnett, Hoke, 
Johnston, Lee, Mecklenburg, 
Montgomery, Moore, Nash, Northampton, 
Orange, Person, Randolph, Richmond, 
Rockingham, Scotland, Stanly, Union, 
Vance, Wake, Warren, and Wilson 
North Dakota 
Counties of Barnes, Benson, Bottineau, FEMA-1334-DR April 5 - August 12 
Burke, Burleigh, Cass, Cavalier, Dickey, Severe storms, 
flooding 
Eddy, Emmons, Foster, Grand Forks, and ground saturation 
Griggs, Kidder, LaMoure, Logan, 
McHenry, McIntosh, McLean, Morton, 
Mountrail, Nelson, Oliver, Pembina, 
Pierce, Ramsey, Ransom, Renville, 
Richland, Rolette, Sargent, Sheridan, 
Steele, Stutsman, Towner, Traill, Walsh, 
Ward, and Wells; and Indian Reservations 
of the Spirt Lake Tribal Reservation, the 
Three Affiliated Tribes, and the Turtle 
Mountain Band of the Chippewa. 
Counties of Benson, Bowman, Cavalier, FEMA-1353-DR November 1 - 20 
Divide, Golden Valley, McKenzie, Severe winter storms 
Ramsey, Towner, and Williams and tornadoes 
Ohio 
Counties of Adams, Gallia, Jackson, FEMA-1321-DR February 18-March 2 
Lawrence, Meigs, Pike, and Scioto Severe storms and flooding 
Lucas County FEMA-1339-DR July 29 - August 2 
Severe storms and flooding 
Greene County FEMA-1343-DR September 20 
Severe storms and a tornado 
Counties of Caddo, Carter, Comanche, FEMA-1349-DR October 21 - 29 
Cotton, Grady, Jackson, Jefferson, Kiowa, Severe storms and 
McClain, and Tillman flooding 
Oklahoma 
Counties of Adair, Atoka, Bryan, Carter, FEMA-3158-EM December 25 - 
Cherokee, Choctaw, Cleveland, Coal, Severe winter and ice 
Cotton, Creek, Garvin, Grady, Haskell, storm 
Hughes, Jefferson, Johnston, Latimer, 
LeFlore, Lincoln, Love, Marshall, 
McClain, McCurtain, McIntosh, Murray, 
Muskogee, Okfuskee, Oklahoma, 
Okmulgee, Pittsburg, Pontotoc, 
Pottawatomie, Pushmataha, Seminole, 
Sequoyah, Stephens, Tulsa, Wagoner, and 
Washington 
Counties of Caddo, Carter, Comanche, FEMA-1349-DR October 21 - 29 
Cotton, Grady, Jackson, Jefferson, Kiowa, Severe storms and 
McClain, Oklahoma, and Tillman flooding 
Counties of Adair, Atoka, Beckham, FEMA-1355-DR December 25 - 
Bryan, Caddo, Carter, Cherokee, Severe winter ice January storm 10, 2001 
Choctaw, Cleveland, Coal, Comanche, 
Cotton, Craig, Creek, Delaware, Garvin, 
Grady, Greer, Harmon, Haskell, Hughes, 
Jackson, Jefferson, Johnston, Latimer, 
LeFlore, Lincoln, Love, Marshall, Mayes, 
McClain, McCurtain, McIntosh, Murray, 
Muskogee, Nowata, Okfuskee, Oklahoma, 
Okmulgee, Ottawa, Pittsburg, Pontotoc, 
Pottawatomie, Pushmataha, Rogers 
Seminole, Sequoyah, Stephens, Tillman, 
Tulsa, Wagoner, Washington, and Washita 
South Carolina 
Counties of Abbeville, Aiken, Allendale, FEMA-1313-DR January 2- 2-February 1 
Bamberg, Barnwell, Berkley, Calhoun, Severe winter storm 
Clarendon, Charleston, Collenton, 
Cherokee, Chester, Chesterfield, 
Darlington, Dillon, Dorchester, Edgefield, 
Fairfield, Florence, Georgetown, 
Greenwood, Kershaw, Lancaster, Laurens, 
Lee, Lexington, Marion, Marlboro, 
McCormick, Newberry, Orangeburg, 
Richland, Saluda, Spartanburg, Sumter, 
Union, Williamsburg, and York 
South Dakota 
Counties of Custer, Fall River, Jackson, FEMA-1330-DR April 18 - 20 
Pennington, and Shannon Severe winter storm, flooding, landslides, 
and mudslides 
Tennessee 
Counties of Anderson, Benton, Cheatham, FEMA-1331-DR May 23 - 31 
Davidson, Henry, Hickman, Houston, Severe storms, 
Jackson, Knox, Lake, Obion, Perry, tornadoes, and 
flooding 
Pickett, Stewart, Weakley 
Texas 
Tarrant County FEMA-1323-DR March 28 - 29 
Severe storms, tornadoes, and flooding 
Counties of Borden, Bowie, Carson, Cass, FEMA-1356-DR December 12 - 
Cherokee, Cooke, Dawson, Delta, Gains, Severe winter ice January storm 15, 2001 
Garza, Gray, Gregg, Grayson, Fannin, 
Franklin, Harrison, Hopkins, Hunt, 
Lamar, Lynn, Marion, Montague, Morris, 
Panola, Rains, Red River, Rusk, Smith, 
Titus, Upshur, and Wood 
Vermont 
Counties of Addison, Bennington, FEMA-1336-DR July 14 - 18 
Orange, Rutland, Windham, and Windsor Severe storms and flooding 
Counties of Bennington and Rutland FEMA-1358-DR December 16 - 18 
Severe storms and flooding 
Virginia 
Cities of Alexandria, Colonial Heights, FEMA-1318-DR January 25 - 30 
Danville, Emporia, Fairfax, Franklin, Severe winter storm 
Fredericksburg, Hopewell, Lynchburg, 
Manassas, Newport News, Norton, 
Petersbrug, Richmond, Suffolk, 
Williamsburg; and Counties of 
Accomack, Albermarle, Alleghany, 
Amelia, Amherst, Appomattox, 
Arlington, Augusta, Bath, Bedford, Bland, 
Botetourt, Brunswick, Buchanan, 
Buckingham, Campbell, Caroline, Carroll, 
Charles City, Charlotte, Chesterfield, 
Clarke, Craig, Culpeper, Cumberland, 
Dickenson, Dinwiddie, Essex, Fairfax, 
Fauquier, Floyd, Fluvanna, Franklin, 
Frederick, Giles, Goochland, Grayson, 
Greene, Greensville, Halifax, Hanover, 
Henrico, Henry, Highland, Isle of Wight, 
James City, King George, King William, 
King and Queen, Lancaster, Lee, Loudon, 
Louisa, Lunenburg, Madison, 
Mecklenburg, Middlesex, Montgomery, 
Nelson, New Kent, Northampton, 
Northumberland, Nottoway, Orange, 
Patrick, Pittsylvania, Powhatan, Prince 
Edward, Prince George, Prince William, 
Pulaski, Rappahannock, Richmond, 
Roanoke, Rockbridge, Rockingham, 
Russell, Scott, Shenandoah, Smyth, 
Southampton, Spotsylvania, Stafford, 
Surry, Sussex, Tazewell, Warren, 
Washington, Westmoreland, Wise, 
Wythe, and York 
West Virginia 
Counties of Barbour, Braxton, Cabell, FEMA-1319-DR February 18 - 22 
Calhoun, Doddridge, Gilmer, Harrison, Flooding, severe 
storms, 
Jackson., Kanawha, Lewis, Lincoln, and landslides 
Marion, Mason, Monongalia, Pocohontas, 
Preston, Putnam, Randolph, Ritchie, 
Roane, Taylor, Tucker, Tyler, Upshur, 
Wetzel, and Wirt 
Wisconsin 
Counties of Adams, Ashland, Barron, FEMA-1332-DR May 26 - July 19 
Burnett, Columbia, Crawford, Dane, Severe storms, flooding, 
Dodge, Forest, Grant, Green, Iowa, Iron, and tornadoes 
Jackson, Juneau, Kenosha, Lafayette, 
Milwaukee, Monroe, Oneida, Polk, 
Racine, Richland, Rusk, Sauk, Sawyer, 
Vernon, Walworth, Waukesha, and Washburn 
Counties of Dane, Door, Green, Kenosha, FEMA-3163-EM December 11 - 31 
Kewaunee, Manitowoc, Milwaukee, Record/near record 
Racine, Rock, Sheboygan, and Walworth snow 
Wyoming 
Counties of Crook, Goshen, Platte, and FEMA-1351-DR October 31 - 
Weston Severe winter storms November 20