rr-03-29.pdf

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Part I
Section 165.--Losses
26 CFR 1.165-11: Election in respect of losses attributable to a
disaster.
(Also § 139, 1033; 1.1033(1)-1.)
Rev. Rul. 2003-29
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).
A determination by the President that an area warrants
assistance by the Federal Government under the Act is also

2
relevant to § 139(a) (regarding the exclusion from gross income
of certain qualified disaster relief payments) and § 1033(h)
(regarding the deferral of gain realized upon the involuntary
conversion of certain property).
The President has determined that, during 2002, 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.
A cumulative list of the areas warranting assistance each
year under the Act (beginning in 1998) is available at the
Federal Emergency Management Agency (FEMA) Internet site at
www.fema.gov.
Accordingly, the Internal Revenue Service requests
comments regarding the need for future publication of this
revenue ruling. Comments should be submitted by May 1, 2003
either to:
Internal Revenue Service
P. O. Box 7604
Ben Franklin Station
Washington, DC 20044
Attn: CC:PA:T:CRU(ITA)
Room 5041
or electronically via the Service internet site at:
Notice.Comments@irscounsel.treas.gov
(the Service comments e-mail
address). All comments will be available for public inspection
and copying.
FURTHER INFORMATION
For further information regarding this revenue ruling,
contact James R. Roy on (202) 622-4950 (not a toll-free call).

3
Disaster AreaDisaster DescriptionDisaster Date
Alabama
Counties of Baldwin and MobileFEMA-1438-DR
Tropical Storm Isidore
September 23-
October 1
Counties of Barbour, Bibb, Blount,
Calhoun, Cherokee, Cleburne, Cullman,
Dale, DeKalb, Etowah, Fayette, Franklin,
Greene, Hale, Henry, Houston, Jefferson,
Lamar, Lawrence, Marion, Marshall,
Morgan, Pickens, Shelby, St. Clair,
Talladega, Tuscaloosa, Walker, and
Winston
FEMA-1442-DR
Severe Storms and
Tornadoes
November 5-12
Alaska
Fairbanks North Star Borough, McGrath
and Lime Village in the Iditarod Regional
Education Attendance Area (REAA),
Aniak, Crooked Creek, Red Devil, and
Sleetmute in the Kuspuk REAA, Kwethluk
in the Lower Kuskokwim REAA,
Alakanuk and Emmonak in the Lower
Yukon REAA, and Ekwok and Stuyahok in
the Southwest Region REAA.
FEMA-1423-DR
Flooding
April 27-May 30
Fairbanks North Star Borough, Denali
Borough, Matanuska-Susitna Borough; the
Regional Education Attendance Areas of
Delta Greely, Alaska Gateway, Copper
River, and Yukon-Koyukuk; the cities of
Tetlin, Mentasta Lake, Nothway, Dot
Lake, Chistochina, and Tanacross; and the
unincorporated communities of Slana and
Tok.
FEMA-1440-DR
Earthquake
November 3-10

4
Disaster AreaDisaster DescriptionDisaster Date
Kenai Peninsula Borough, Kodiak Island
Borough and Chignik Bay Area, to include
Chignik Lake and Chignik Lagoon
FEMA-1445-DR
Severe Winter Storms,
Flooding, Coastal
Erosion, and Tidal Surge
October 23-
December 20
Arizona
Counties of Apache, Coconino, Gila, and
Navajo; and the Fort Apache Indian
Reservation
FEMA-1422-DR
Wildfires
June 18-July 7
Arkansas
Counties of Ashley, Clay, Cleburne,
Columbia, Craighead, Crittenden,
Franklin, Greene, Independence, Jackson,
Lincoln, Little River, Logan, Monroe,
Poinsett, Prairie, Scott, Stone, White, and
Woodruff
FEMA-1400-DR
Severe storms and
flooding
December 15, 2002 -
January 30, 2002
Colorado
Counties of Adams, Alamosa, Arapahoe,
Archuleta, Baca, Bent, Boulder,
Broomfield, Chaffee, Cheyenne, Clear
Creek, Conejos, Costilla, Crowley,
Custer, Delta, Denver, Dolores, Douglas,
Eagle, Elbert, El Paso, Fremont, Garfield,
Gilpin, Grand, Gunnison, Hinsdale,
Huerfano, Jackson, Jefferson, Kiowa, Kit
Carson, Lake, La Plata, Larimer, Las
Animas, Lincoln, Mesa, Mineral, Moffat,
Montezuma, Montrose, Otero, Ouray,
Park, Pitkin, Pueblo, Rio Blanco, Rio
Grande, Routt, Saguache, San Juan, San
Miguel, Summitt, Teller, Washington,
Weld, and Yuma; the Southern Ute and
Ute Mountain Reservations; and the
Cities of Broomfield and Denver
FEMA-1421-DR
Wildfires
April 23-June 6
Guam

5
Disaster AreaDisaster DescriptionDisaster Date
Territory of GuamFEMA-1426-DR
Typhoon Chata’an
July 5-6
Territory of GuamFEMA-1446-DR
Super Typhoon
Pongsona
December 8-16
Illinois
Counties of Adams, Alexander, Bond,
Brown, Calhoun, Cass, Champaign,
Christian, Clark, Clay, Clinton, Coles,
Crawford, Cumberland, DeWitt, Douglas,
Edgar, Edwards, Effingham, Ford, Fayette,
Franklin, Fulton, Gallatin, Greene,
Hamilton, Hancock, Hardin, Iroquois,
Jackson, Jasper, Jefferson, Jersey,
Johnson, Lawrence, Logan, McDonough,
Macon, Macoupin, Madison, Marion,
Mason, Massac, Menard, Monroe,
Montgomery, Morgan, Moultrie, Piatt,
Pike, Perry, Pope, Pulaski, Randolph,
Richland, St. Clair, Saline, Sangamon,
Schuyler, Scott, Shelby, Union,
Vermillion, Wabash, Washington, Wayne,
White, and Williamson
FEMA-1416-DR
Severe Storms,
Tornadoes, and
Flooding
April 21-May 23
Indiana
Counties of Brown, Crawford, Dearborn,
Dubois, Franklin, Gibson, Greene,
Hamilton, Jackson, Jefferson, Johnson,
Knox, Marion, Martin, Montgomery,
Ohio, Orange, Owen, Parke, Pike, Posey,
Putnam, Sullivan, Switzerland, Union,
Vermillion, Vigo, and Washington
FEMA-1418-DR
Severe Storms,
Tornadoes and Flooding
April 28-June 7

6
Disaster AreaDisaster DescriptionDisaster Date
Counties of Bartholomew, Blackford,
Brown, Daviess, Decatur, Delaware,
Fayette, Franklin, Gibson, Grant, Greene,
Hamilton, Hancock, Hendricks, Henry,
Jay, Johnson, Knox, Lawrence, Madison,
Marion, Monroe, Morgan, Owen, Pike,
Posey, Randolph, Rush, Shelby, Sullivan,
Tipton, and Vanderburg
FEMA-1433-DR
Severe Storms and
Tornadoes
September 20
Iowa
Counties of Allamakee, Benton,
Buchanan, Cedar, Clayton, Clinton,
Delaware, Des Moines, Dubuque, Fayette,
Henry, Iowa, Jackson, Johnson, Jones,
Lee, Linn, Louisa, Muscatine, Scott, and
Winneshiek
FEMA-1420-DR
Severe Storms and
Flooding
June 3-25
Kansas
Counties of Allen, Anderson, Barber,
Bourbon, Butler, Chautauqua, Coffey,
Cowley, Crawford, Douglas, Elk,
Franklin, Greenwood, Johnson, Labette,
Linn, Miami, Montgomery, Neosho,
Osage, Sumner, Wilson, Woodson, and
Wyandotte
FEMA-1402-DR
Severe Winter Ice
Storm
January 29-February
15
Kentucky
Counties of Bath, Bell, Bourbon, Boyd,
Breathitt, Carter, Clay, Elliott, Fleming,
Greenup, Harlan, Johnson, Knott, Knox,
Laurel, Lawrence, Lee, Leslie, Letcher,
Lewis, McCreary, Magoffin, Menifee,
Montgomery, Morgan, Nicholas, Owsley,
Perry, Powell, Rowan, Wayne, and
Whitley
FEMA-1407-DR
Severe Storms and
Flooding
March 17-21

7
Disaster AreaDisaster DescriptionDisaster Date
Counties of Breathitt, Breckenridge,
Crittenden, Edmondson, Floyd, Grayson,
Green, Hancock, Hardin, Henderson,
Hopkins, Laurel, Letcher, Marion,
Martin, McLean, Meade, Ohio, Owsley,
Pike, Rockcastle, Union, and Webster
FEMA-1414-DR
Severe Storms,
Tornadoes, and
Flooding
April 27-May 10
Louisiana
Parishes of East Baton Rouge, Iberia,
Jefferson, Lafourche, Livingston,
Orleans, Plaquemines, St. Bernard, St.
Charles, St. James, St. John the Baptist,
St. Mary, St. Tammany, Tangipahoa, and
Terrebonne
FEMA-1435-DR
Tropical Storm Isidore
September 21-
October 1
Parishes of Acadia, Allen, Ascension,
Assumption, Avoyelles, Beauregard,
Calcasieu, Caldwell, Cameron, Catahoula,
East Baton Rouge, East Feliciana,
Evangeline, Iberia, Iberville, Jefferson
Davis, Jefferson, Lafayette, Lafourche,
LaSalle, Livingston, Natchitoches,
Orleans, Ouachita, Plaquemines, Pointe
Coupee, Rapides, St. Bernard, St. Charles,
St. Helena, St. James, St. John the Baptist,
St. Landry, St. Martin, St. Mary, St.
Tammany, Tangipahoa, Terrebonne,
Vermillion, Vernon, Washington, West
Baton Rouge, and West Feliciana
FEMA-1437-DR
Hurricane Lili
October 1-16
Mariana Islands, Northern
Island of RotaFEMA-1430-DR
Typhoon Chata’an
July 4-5
Island of RotaFEMA-1447-DR
Super Typhoon
Pongsona
December 8-16
Maryland

8
Disaster AreaDisaster DescriptionDisaster Date
Counties of Calvert, Charles, and
Dorchester
FEMA-1409-DR
Tornado
April 28
Michigan
Counties of Baraga, Gogebic, Houghton,
Marquette, and Ontonagan
FEMA-1413-DR
Flooding
April 10-May 9
Micronesia, Federated States of
Yap StateFEMA-1417-DR
Typhoon Mitag
February 27-March 3
Chuuk StateFEMA-1427-DR
Tropical Storm
Chata’an, including
Flooding, Mudslides,
and Landslides
July 2-4
Minnesota
Counties of Becker, Beltrami, Clay,
Clearwater, Goodhue, Hubbard, Itasca,
Kittson, McLeod, Pennington, Polk,
Roseau, and Wright
FEMA-1419-DR
Severe Storms,
Flooding, and
Tornadoes
June 9-28
Mississippi
Counties of Amite, Hancock, Harrison,
Jackson, Lincoln, Pearl River, Pike, and
Stone
FEMA-1436-DR
Hurricane Isidore
September 23-
October 6
Counties of Clay, Lafayette, Lowndes,
Monroe, Noxubee, and Oktibbeha
FEMA-1443-DR
Severe Storms and
Tornadoes
November 10-11
Missouri

9
Disaster AreaDisaster DescriptionDisaster Date
Counties of Adair, Audrain, Barton, Bates,
Benton, Boone, Buchanan, Caldwell,
Carroll, Cass, Cedar, Chariton, Clark,
Clay, Clinton, Cooper, Daviess, Grundy,
Henry, Howard, Jackson, Johnson, Knox,
Lafayette, Lewis, Linn, Livingston,
Macon, Marion, Monroe, Morgan, Pettis,
Platte, Ralls, Randolph, Ray, Saline,
Scotland, Shelby, St. Clair, Sullivan, and
Vernon
FEMA-1403-DR
Severe Winter Ice
Storm
January 29-February
13
Counties of Adair, Barry, Barton,
Bollinger, Boone, Butler, Camden, Cape
Girardeau, Carroll, Carter, Cedar,
Christian, Chariton, Clark, Cooper,
Crawford, Dade, Dallas, De Kalb, Dent,
Douglas, Dunklin, Greene, Grundy,
Hickory, Howard, Howell, Iron, Jasper,
Jefferson, Johnson, Knox, Laclede,
Lafayette, Lawrence, Lewis, Lincoln,
Linn, Livingston, McDonald, Macon,
Madison, Maries, Marion, Mercer,
Miller, Mississippi, New Madrid,
Newton, Oregon, Osage, Ozark,
Pemiscot, Perry, Phelps, Pike, Polk,
Pulaski, Ralls, Ray, Reynolds, Ripley,
Schuyler, Scotland, Scott, Shannon,
Shelby, St. Francois, St. Genevieve,
Stoddard, Stone, Sullivan, Taney, Texas,
Vernon, Washington, Wayne, Webster,
and Wright
FEMA-1412-DR
Severe Storms and
Tornadoes
April 24-June 10
Montana
Counties of Glacier, Hill, Liberty,
Pondera, and Toole; and the Blackfeet
Indian Reservation
FEMA-1424-DR
Severe Storms and
Flooding
June 8-21
New York

10
Disaster AreaDisaster DescriptionDisaster Date
County of ErieFEMA-1404-DR
Severe Winter Storm
December 24-29,
2001
Counties of Cattaraugus, Chautauqua,
Erie, Genesee, and Wyoming
FEMA-3170-EM
Snowstorm
December 24-29,
2001
Counties of Clinton and EssexFEMA-1415-DR
Earthquake
April 20
North Carolina
Counties of Alamance, Alexander, Anson,
Burke, Cabarrus, Caldwell, Catawba,
Chatham, Cleveland, Davidson, Durham,
Edgecombe, Forsyth, Franklin, Gaston,
Granville, Guilford, Halifax, Harnett,
Iredell, Lee, Lincoln, McDowell,
Mecklenburg, Montgomery, Moore,
Nash, Orange, Person, Randolph, Rowan,
Rutherford, Stanly, Union, Vance, and
Wake
FEMA-1448-DR
Severe Ice Storm
December 4-6
North Dakota
Counties of Grand Forks, Pembina,
Stutsman, Traill, and Walsh; and the Fort
Berthold Indian Reservation.
FEMA-1431-DR
Severe Storms,
Tornadoes, and
Flooding
June 8-August 11
Ohio
Counties of Hancock, Ottawa, Paulding,
Putnam, Seneca, and Van Wert
FEMA-1444-DR
Severe Storms and
Tornadoes
November 10
Oklahoma

11
Disaster AreaDisaster DescriptionDisaster Date
Counties of Alfalfa, Beaver, Becker,
Beckham, Blaine, Caddo, Canadian,
Cimarron, Cleveland, Comanche, Creek,
Custer, Dewey, Ellis, Garfield, Garvin,
Grady, Grant, Greer, Harmon, Harper,
Jackson, Kay, Kingfisher, Kiowa,
Lincoln, Logan, Major, McClain, Noble,
Nowata, Oklahoma, Osage, Pawnee,
Payne, Pottawatomie, Roger Mills,
Rogers, Stephens, Texas, Tillman, Tulsa,
Washington, Washita, Woods, and
Woodward
FEMA-1401-DR
Ice Storm
January 30-February
11
Oregon
Counties of Coos, Curry, Douglas, Lane,
and Linn
FEMA-1405-DR
Severe Winter Storm
with High Winds
February 7-8
Tennessee
Counties of Anderson, Bedford, Bledsoe,
Blount, Cannon, Claiborne, Clay, Cocke,
Cumberland, Decatur, DeKalb, Dickson,
Fentress, Giles, Grainger, Hancock,
Hardin, Hawkins, Jackson, Lauderdale,
Lawrence, Lewis, Lincoln, Loudon,
McNairy, Macon, Marshall, Maury,
Meigs, Overton, Roane, Scott, Sevier, Van
Buren, Warren, and Wayne
FEMA-1408-DR
Severe Storms and
Flooding
January 23- March 20
Counties of Anderson, Bedford, Carroll,
Coffee, Crockett, Cumberland, Gibson,
Henderson, Madison, Marshall,
Montgomery, Morgan, Rutherford, Scott,
Sumner, and Tipton
FEMA-1441-DR
Severe storms,
Tornadoes, and
Flooding
November 9-12
Texas

12
Disaster AreaDisaster DescriptionDisaster Date
Counties of Atascosa, Bandera, Bee,
Bexar, Blanco, Brown, Burnet, Caldwell,
Calhoun, Callahan, Coleman, Comal,
Dimmit, Duval, DeWitt, Eastland, Frio,
Gillespie, Goliad, Gonzales, Guadalupe,
Hays, Jim Wells, Jones, Karnes, Kendall,
Kerr, La Salle, Live Oak, McMullen,
Medina, Nueces, Real, San Patricio, San
Saba, Taylor, Travis, Uvalde, Victoria,
Wilson, and Zavala
FEMA-1425-DR
Severe Storms and
Flooding
June 29-July 31
Counties of Brazoria, Frio, Galveston,
Jim Wells, La Salle, Live Oak, Matagorda,
Nueces, San Patricio, Webb, and Wharton
FEMA-1434-DR
Tropical Storm Fay
September 6-30
Counties of Aransas, Hardin, Harris,
Jefferson, Liberty, Montgomery, Nueces,
Orange, and San Patricio
FEMA-1439-DR
Severe Storms,
Tornadoes, and
Flooding
October 24-
November 15
Vermont
Counties of Caledonia, Essex, Franklin,
Lamoille, and Orleans
FEMA-1428-DR
Severe Storms and
Flooding
June 5-13
Virginia
Counties of Dickenson, Lee, Russell,
Scott, Smyth, Tazewell, Washington,
Wise, and Wythe; and Independent City of
Norton
FEMA-1406-DR
Severe Storms and
Flooding
March 17-20
Counties of Buchanan and TazewellFEMA-1411-DR
Severe Storms and
Tornado
April 28-May 3
West Virginia
Counties of Logan, McDowell, Mercer,
Mingo, and Wyoming
FEMA-1410-DR
Severe storms,
Flooding, and landslides
May 2-20

13
Disaster AreaDisaster DescriptionDisaster Date
Wisconsin
Counties of Adams, Clark, Dunn,
Marathon, Marinette, Portage, Waushara,
and Wood
FEMA-1429-DR
Severe Storms and
Flooding
June 21-25
Counties of Barron, Burnett, Chippewa,
Clark, Dunn, Langlade, Lincoln,
Marathon, Polk, Portage, Price, Rusk,
Sawyer, Shawano, St. Croix, Taylor,
Washburn, Waupaca, and Wood
FEMA-1432-DR
Severe Storms,
Tornadoes, and
Flooding
September 2-6