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Deductions & credits
I'm not self-employed. I'm W2. My basic question is can I use the COVID-19 declared disaster (Valid when this theft occurred last year) to claim a casualty loss (theft) - it's about $20,000 loss of the tools I use for work. I don't see any qualifications on the IRS website that only allows certain types of losses.
My take is there is a declared disaster (there is) and you have a casualty loss (in my case theft) then I think I can claim the deduction.
‎February 17, 2023
1:14 PM