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My truck was totaled in 2018 and after the insurance claim I still owed $2,800 on it. How do I include this in my taxes?
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June 3, 2019
10:29 AM
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Deductions & credits
Unfortunately, the deduction for personal casualty or theft losses has been suspended (eliminated) through tax year 2025, unless the loss occurred in a federally-declared disaster area and was directly caused by the disaster.
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June 3, 2019
10:29 AM