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Deductions & credits
Was this your personal vehicle or a car used for business? You cannot claim a casualty loss for your car if it was your personal car. The tax laws that changed for 2018 and beyond eliminated casualty losses unless you are in a federal disaster area.
**Disclaimer: Every effort has been made to offer the most correct information possible. The poster disclaims any legal responsibility for the accuracy of the information that is contained in this post.**
‎April 18, 2020
4:26 PM