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Deductions & credits
Thank you so much for your response - but I'm still not clear if I can or cannot use Covid declared diaster as a basis for deducting my theft loss?
This is a personal theft, (I'm W2) and not self-employed. I know that For tax years 2018 through 2025, if you are an individual, losses of personal-use property from fire, storm, shipwreck, other casualties, or theft are deductible only if the loss is attributable to a federally declared disaster (federal casualty loss).
This is why I'm asking - Covid-19 was a federally declared disaster at the time of this theft, so I can use that disaster to deduct my casualty theft losses?
‎February 16, 2023
6:22 PM