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lindstedtp
Level 1
June 1, 2019
Question

Can I deduct a "Home invasion theft: ? If I have not received a insurance settle settlement?

  • June 1, 2019
  • 2 replies
  • 21 views
Theft happened om 11/16/19, Filed complaint with the police right away. There were many items stoles as well as some property damage to doors and door frames. When going through the Property theft and loss, I don't know what to put for date acquired, since I acquired everything over many years and the block for "cost basis" makes no sense to me

    2 replies

    Lisa995
    Alumni - Champ
    Lisa995Alumni - Champ
    Alumni - Champ
    June 1, 2019
    The new tax laws for 2018 took away theft deductions.
    ♪♫•*¨*•.¸¸♥Lisa♥ ¸¸.•*¨*•♫♪
    V
    Vanessa11_2
    Level 13
    June 1, 2019

    No, they are no longer deductible. Under the new tax laws the casualty and theft deductions have been eliminated. 

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