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Deductions & credits
No, you can not. That would be a Casualty itemized deduction. Assuming that the amount of the loss was the deductible, then to determine how much can deduct, you must first reduce the deductible by $100, and then you must further reduce it by 10% of your Adjusted Gross Income. If there is any loss remaining after that, you can deduct that as a casualty loss.
‎June 4, 2019
1:30 PM