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New Member
posted Feb 28, 2024 3:36:38 PM

Is a stolen car deductible?

We had a vehicle stolen in California while we were on vacation.  No insurance claim was filed because the vehicle wasn't worth that much. Can I claim any of the loses on my taxes? We had to rent a car and buy new car seats to even get home. We also lost some property in the vehicle. 

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1 Replies
Level 15
Feb 28, 2024 3:43:11 PM

Sorry--no.   Casualty losses and thefts are not deductible on a federal tax return since the tax laws changed for 2018 and beyond.   Only disaster losses related to being in a federal disaster area can be deducted.