SusanY1
Expert Alumni

Deductions & credits

If this was for work on your personal residence, it is not deductible for tax year 2024. The ability to deduct theft losses of personal property was suspended beginning in tax year 2018.  

Under current tax law casualty and theft losses are only deductible when they are the result of a federally declared disaster.  

If this was for work on a business or rental property, you can include the amount of money paid as an expense of that business or rental property in the appropriate area in TurboTax.  

 

@burroughsdl 

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