With all due respect Vanessa A., I have to ask because another source sites using IRS Form 4684, Section A, for "thefts or casualties to non-business property." They even have an example citing specifics of fair market value, salvage yard offerings, and an Adjusted Gross Income deduction for the loss. You are saying absolutely, that only if the car is used as a ride-share\taxi\DoorDash, or was involved in a national disaster, that the loss be claimed?
HowStuffWorks states something else, and refers to Form 4684, Sect. A. Are they wrong? Or is there information I'm missing? Can I get a second opinion here please. Someone, anyone.
https://money.howstuffworks.com/personal-finance/personal-income-taxes/how-to-claim-casualty-loss-de...
