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Deductions & credits
No. Casualty and theft losses are not deductible unless they occur as a result of being in a federal disaster area. The tax law pertaining to that passed for 2018 to 2025.
**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.**
March 1, 2023
12:03 PM