Unfortunately if this theft happened in 2018 it can no longer be deducted at all. Even if it was in 2017 the maximum that it could help would be to zero out your tax liability (i.e. if your tax liability without the deduction would have been $6,000 then that is the most that the deduction could help with). I don't want to get your hopes up by consulting a professional because nobody can change the new 2018 tax laws. I suggested a professional or attorney to go after the scammer to try to recover the money with a legal action.
**Disclaimer: This post is for discussion purposes only and is NOT tax advice. The author takes no responsibility for the accuracy of any information in this post.**
