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Deductions & credits
You can only claim your own losses on your tax return. You do not have to list every item, but you do have to keep the records in case you are audited.
Other things to note:
For tax years 2018 through 2025, a personal casualty and theft loss of personal-use property for an individual is deductible only if attributable to a federally-declared disaster. A disaster loss is a loss that occurs in an area determined by Presidential declaration to warrant federal disaster assistance and that is attributable to a federally-declared disaster.
For disaster losses. the $100 limit per casualty loss event increases to $500, the 10% AGI limit does not apply, and the taxpayer can increase his or her standard deduction by the net qualified disaster loss instead of itemizing deductions. he $100 limit per casualty loss event increases to $500, the 10% AGI limit does not apply, and the taxpayer can increase his or her standard deduction by the net qualified disaster loss instead of itemizing deductions.
If an insurance or other type of reimbursement is received, the reimbursement must be subtracted when computing the loss. There is no casualty or theft loss to the extent of the reimbursement.
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