Deductions & credits

@taxpayer7374 Sorry---theft and casualty losses are not deductible unless the theft was the result of being a vicim of a Ponzi scheme; casualty losses are only deductible if they occurred as a result of being in a federally declared disaster area.

**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.**