JohnW222
Expert Alumni

Deductions & credits

Unfortunately, there’s no place you can legally claim your loss. 

Just so you don’t misunderstand, theft can’t be claimed as a deduction, either.  The recent tax law changes were very specific:  The deduction for personal casualty or theft losses has been eliminated through tax year 2025, unless the loss occurred in a federally-declared disaster area and was directly caused by the disaster.

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