My car was stolen in 2007. It was a 2002 vehicle worth $17000. I filed a police and insurance report. However I never reported in on my taxes. Ins gave me $0

bettylchi · ‎June 5, 2019

The insurance company claimed that the circumstances surrounding the theft were unusual so they invoked a right in the contract paying me $0. S I lost $17000 total. Can I file that loss today or has the statute of limitations expired? What should I do? For this year, I could really use that tax deduction

MaryK1 · ‎June 5, 2019

No, you cannot claim the loss in 2016. You can deduct theft losses that aren't reimbursable only in the year you discover your property was stolen.

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My car was stolen in 2007. It was a 2002 vehicle worth $17000. I filed a police and insurance report. However I never reported in on my taxes. Ins gave me $0

Deductions & credits