- Mark as New
- Bookmark
- Subscribe
- Subscribe to RSS Feed
- Permalink
- Report Inappropriate Content
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.
**Say "Thanks" by clicking the thumb icon in a post
**Mark the post that answers your question by clicking on "Mark as Best Answer"
**Mark the post that answers your question by clicking on "Mark as Best Answer"
February 2, 2020
11:38 AM