Quote: "Casualty and Theft losses are not deductible on a federal tax return, unless the loss occurred in a federally declared disaster area."
I'm fairly certain theft losses do not need to occur in a federally declared disaster area to be deductible on a federal tax return. I believe that's true only for personal casualty losses.
See
https://www.irs.gov/taxtopics/tc515#:~:text=Theft%20losses%20are%20generally%20deductible,through%20....
