If someone embezzled money from you can you claim that money as loss of income

[taylortonya40]

If someone embezzled money from you can you claim that money as loss of income

[hbl3973 · Accepted solution]

You can claim an itemized deduction for the theft loss.  See, e.g., the IRS web page

https://www.irs.gov/taxtopics/tc515.html

and their publication 547 (https://www.irs.gov/pub/irs-pdf/p547.pdf) for details.